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Please Help: ceiling limit on audit

Posted Date : 07-Aug-2012 , 12:33:52 pm | Posted By: Dinesh Gupta

Category : Audit | Answers : 2| Comments : 1| Hits: 1879

how many companies audit a CA can do ? and how many form 23(b) a CA can upload ...plz clarify the no. of companies a CA can do audit ...

Answers:
   Answer by: Siddharth Bumb
Limit of audit for CA is specified u/s 224(1b) and 224(1c) of companies act.. a CA can audit maximum 30 companies.. overall maximum limit of audit is 45...
   Answer by: Rambabu Senkarasetti
Above answer is right
Comments
Posted By : Dinesh Gupta 17-Aug-2012, 11:07:03
YOU ARE RIGHT , BUT IT IS BEING HEARD THAT ICAI ALONG WITH MCA HAS MADE RULE THAT A CA CAN AUDIT ONLY 30 COMPANIES INCLUDING PRIVATE COMPANIES AS WELL ...EARLIER PRIVATE COMPANIES WHERE NOT COUNTED BUT NOW THE STRICT RULE HAS BEEN IMPOSED THAT YOU HAVE TO FILE FROM 23B TO MCA AND CAN AUDIT ONLY 30 COMPANIES INCLUDING PRIVATE COMPANIES AS WELL...PLZ CLARIFY IT ...
 

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