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      Question

      Under Section 7, a member of the Institute in practice

      must use the designation of a chartered accountant. Which of the following is expressly PERMITTED despite this requirement?
      A Using a self-coined title in place of “Chartered Accountant” Correct Answer Incorrect Answer
      B Adding other genuine qualifications or recognised institute memberships, or a firm being known by its firm name as Chartered Accountants Correct Answer Incorrect Answer
      C Dropping the designation entirely while in practice Correct Answer Incorrect Answer
      D Using the designation only if the Central Government approves each use Correct Answer Incorrect Answer
      E Using any description that the member personally considers prestigious Correct Answer Incorrect Answer

      Solution

      Section 7 requires every member in practice to use the designation “Chartered Accountant” and bars use of any other description in addition to or in substitution for it. However, the proviso permits a member to add other genuine descriptions or letters indicating membership of a recognised institute of accountancy or any other qualification he holds, and permits a firm whose partners are all practising members to be known by its firm name as Chartered Accountants. Self-coined or arbitrarily “prestigious” titles are not allowed, making it correct.

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