Register of statutory audit to be maintained by icai member

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 whether institute / mca authority keep record of number of statutory audit done by a practising chartered accountant ? please give full detail answer

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 till date there is no such record with institute/mca

however it is in the interest of the auditor to maintain the list of statutory audit conducted by him

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 SO HOW INSTITUTE /MCA DETERMINE WHETHER LIMIT OF 30 AUDIT PER MEMBER HAS BEEN EXCEEDED OR NOT ?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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19 August 2013 there is no such mechanism to determine the same, but if you sing more than the prescribed audits you may land on problem if inquiry is initiated.

Querist : Anonymous

Querist : Anonymous (Querist)

19 August 2013 WHEN WE FILE AUDIT REPORT ON MCA WHETHER CA MEMBER IS REQUIRED TO DO IT OR COMPNAY OR CS DOES IT ? AND IF CA IS REQUIRED FILE THERE IT DOES'T COUNT LIMIT OF 30 AUDIT THERE ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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20 July 2025 Here’s a comprehensive answer covering your queries about the register of statutory audits, record-keeping by ICAI/MCA, and the 30-audit limit for a practicing Chartered Accountant:

1. Record of Statutory Audits by ICAI/MCA
As of now, neither the ICAI nor MCA maintains a centralized or comprehensive record of the number of statutory audits done by an individual practicing CA.
This means there is no automatic tracking or system that counts or monitors how many statutory audits a member has signed or conducted during a financial year.
2. Maintenance of Register by the CA Member
It is strongly recommended and considered good professional practice for each CA to maintain a Register of Statutory Audits they have undertaken during the year.
This register should include client details, type of audit, dates, and other relevant information for professional accountability and in case of any disciplinary inquiry.
3. How Is the Limit of 30 Statutory Audits Enforced?
The limit of signing a maximum of 30 company audits by a single CA in a financial year is prescribed by ICAI’s regulations to ensure quality and manage workload.
Since there is no centralized tracking, the responsibility lies with the CA member to ensure compliance with this limit.
In case of an inquiry or disciplinary action, if it is found that a member has signed more than the permitted number, they may face consequences.
The lack of an automated system means self-monitoring by the member is crucial.
4. Filing of Audit Reports on MCA Portal
Filing of audit reports with MCA (Ministry of Corporate Affairs) is typically done by the Company Secretary (CS) or authorized person of the company through the MCA portal.
The CA signs the audit report and provides it to the company but does not directly file the report on MCA portal.
Therefore, audit reports filed by the company/CS do not get separately counted against the CA’s audit limit by MCA.
Summary Table:
Query Position/Answer
Does ICAI/MCA maintain audit count? No centralized record maintained
Who maintains audit register? Practicing CA should maintain for self-monitoring
How is 30 audit limit enforced? Self-monitored by CA; enforced if inquiry arises
Who files audit report on MCA portal? Company/CS; not directly by CA
Does MCA filing count towards CA audit limit? No

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