audit ceilings

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2011 what is the audit limit for a CA ?
is their any provisions updated.?


16 March 2011 Tax audits - maximum 45 audits


16 March 2011 company audit -

(i) in the case of a person or firm holding appointment as auditor of a number of companies each of which has a paid-up share capital of less than rupees twenty-five lakhs, twenty such companies;



(ii) in any other case, twenty companies, out of which not more than ten shall be companies each of which has a paid-up share capital of rupees twenty-five lakhs or more.



In computing the specified number of companies in respect of which or any part of which any person or firm has been appointed as an auditor, whether singly or in combination with any other person or firm, shall be taken into account in computing the specified number as defined in Explanation I of section 224(1C).


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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2011 i have heard max limit is 30 audit as per company law and icai.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 March 2011 What the procedure for succession of land to legal heirs in kolkata?pls give me brief details ?

16 March 2011 yes maximum limit is 30 company audits as per company law and icai.



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