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Q. > Please Help: ceiling limit on audit
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 ...
2 Answers
answered Aug 07, 2012 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...
answered Aug 15, 2012 by Rambabu Senkarasetti , Guntur
Above answer is right
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dinesh gupta
17-Aug-2012 , 11:07:03 amYOU 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 ...