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Originally Posted by hailgautam
For your kind information, CPT pass-outs do most of the audit work and the partners sign the accounts based on the work done by them (referring to the new course).
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They only do vouching, isn't it? My friend is CA-inter pass out and is the son of a partner of a big 4 firm. He told me that since the pass out in CPT in Mumbai was 87%, the quality of these 12th standard kids is not as good as that of say the ones that passed CA-Foundation or the ones that went to audit after Inter.
If I am not mistaken, most of the audit in big firms is done by grads+CA-inter(until recently). E & Y doesn't accept any CA-inter unless he/she is a grad.
Anyways, we are going off topic.