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      Question

      Under Section 27, where a chartered accountant in

      practice or a firm of such chartered accountants has more than one office in India, what is required of each office?
      A Each office must be in the separate charge of a member of the Institute Correct Answer Incorrect Answer
      B Each office must be registered as a separate company Correct Answer Incorrect Answer
      C Each office must employ at least ten articled assistants Correct Answer Incorrect Answer
      D Each office must obtain a separate certificate of practice from SEBI Correct Answer Incorrect Answer
      E Each office must be located in a different regional constituency Correct Answer Incorrect Answer

      Solution

      Section 27(1) requires that where a practising CA or a firm of such CAs has more than one office in India, each office shall be in the separate charge of a member of the Institute, though the Council may exempt suitable cases. Section 27(2) further requires the CA or firm to send the Council a list of offices and the persons in charge and to keep it informed of changes. This ensures accountable professional oversight at every branch. The requirement of a member in separate charge of each office is the correct answer.

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