Peer Review by Proprietor or Partner
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Juhee Goyal /
Published on :
19-Apr-2023 07:18 AM /
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82 /
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Hi Folks!
Can Peer Review be done by proprietor / partner of the Practice Unit peer reviewed by the Reviewer?
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:29 AM /
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28 /
Comments : 0
Hello Everyone!
Whether the concept of Alternate Director also applicable in case of Foreign Director as he is already residing outside India ?
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Posted By : Juhee Goyal /
Published on :
22-Aug-2023 05:26 AM /
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31 /
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In case of appointment of Alternate Director, whether the Master Data of the Company reflects the Original Director too ?
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Posted By : Juhee Goyal /
Published on :
15-Jul-2023 04:55 AM /
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42 /
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Hi Everyone!
In what circumstances, special notice is required for the appointment of person other than the retiring auditor ?
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Posted By : Juhee Goyal /
Published on :
14-Jul-2023 05:05 AM /
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42 /
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What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
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Posted By : Juhee Goyal /
Published on :
13-Jul-2023 05:56 AM /
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54 /
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Hi Everyone!
Is it possible to file the Unaudited Financial Statements of a Company, if yes, whether there is any option to file the Audited Financial Statements after filing of Unaudited Financials ?
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Posted By : Juhee Goyal /
Published on :
12-Jul-2023 05:07 AM /
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50 /
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If an individual does not hold majority stake in the member company of the reporting company, whether filing of BEN-2 is applicable or not?
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Posted By : Juhee Goyal /
Published on :
28-Jun-2023 08:39 AM /
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61 /
Comments : 0
Hi Everyone!
Are there any restrictions or limitations on the number of foreign directors in an Indian Company ?
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Posted By : Juhee Goyal /
Published on :
27-Jun-2023 04:13 AM /
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31 /
Comments : 0
Hi Folks!
Whether, any assets or liabilities for Indian party (i.e. domestic assets and liabilities) are to be included in the FLA return?
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No, it is not appropriate for the proprietor or partner of a practice unit to conduct the peer review of their own practice. Peer review is meant to be an objective evaluation of a practice's adherence to professional standards and guidelines, and it is important for the reviewer to be independent and impartial.
The purpose of peer review is to assess the quality of work performed by the practice unit being reviewed, and to identify any areas where improvements can be made. The reviewer should have the necessary expertise and experience to evaluate the practice's work, and should not have any conflicts of interest or relationships that could compromise their impartiality.
If the proprietor or partner of a practice unit is also a qualified reviewer, they may be able to conduct peer reviews of other practices that they are not affiliated with. However, in the case of their own practice, it is recommended that an independent reviewer be appointed to ensure objectivity and fairness.