Poonawalla fincorps
Poonawalla fincorps

Celling limit for no of audit

This query is : Resolved 
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(Querist)
31 October 2013 sir,
i am a CA in full time employment so can i do audit of companies.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
31 October 2013 yes you can audit companies.
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CA Pallav Singhania

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CA Pallav Singhania (Expert)
31 October 2013 As per companies act Section 224(1B) a CA can accept unlimited no. of private limited company audits.

But as per Chartered Accountants Act, 1949 an auditor can accept maximum 30 company audits.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
31 October 2013 No , as you are in full time employment and cannot engage in conducting audit.

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