Register of statutory audit to be maintained by icai member

This query is : Open

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)
Follow

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 ?

Upgrade to CAclubindia Pro. Subscribe Now!

CA UMESH DULAL

CA UMESH DULAL (Expert)
Follow

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 ?