23 August 2012
what is the scope of statutory audit and tax audit and what is the difference between the same can a co.appoint two different auditor i.e one each statutory and tax auditor how i will compute the ceiling limit in this case as per ICAI GUIDELINES the ceiling limit of audit is 45.can any one explain this how much co audit and tax audit a ca can sign.
23 August 2012
Technically Its Not That Much Difference. Company Can Appoint Diffn Auditor for Both. A CA Can do 45 Tax Audits. But Co Act Ceiling Limit of 30 (Not Exceed 20 Public Company >25Lacs) Read Both Separatelly.
Means CA Cant Braek Any of The Rule. The Worst Case Will Be Applicable to CA. as Per CA Act A Per Co Act
Querist :
Anonymous
Querist :
Anonymous
(Querist)
23 August 2012
it means if i m auditor of a co (whether pvt or public ) and i appointed as tax auditor ,then will it not counted in my co. audit limit or tax audit