Ceiling on the Number of Audits
This query is : Open
28 July 2009
I have a query regarding Ceiling on the Number of Audits..
i know the limit is 20 (excluding pvt ltd companies etc) for a partner but in my firm the partner easily signs more than 20 audits.. the ICAI also has an announcement saying company audits will be max 30... but here too my partner signs more than 30...
also can someone explain that if there are 5 partners in my firm the max number of audits would be 100 but is it restricted to 20 per person?
i know the limit is 20 (excluding pvt ltd companies etc) for a partner but in my firm the partner easily signs more than 20 audits.. the ICAI also has an announcement saying company audits will be max 30... but here too my partner signs more than 30...
also can someone explain that if there are 5 partners in my firm the max number of audits would be 100 but is it restricted to 20 per person?
28 July 2009
Yes.
It is restricted to 20 per person though total no. of audits are 100.
It is restricted to 20 per person though total no. of audits are 100.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS in case of Inoperative PAN under Section 192A
- Rental income to a Propreitor
- Appointment of auditor for a charitable trust
- IGST of Feb 23, Can we claim ITC now?
- GST order u/s 73
- RCM on Commercial Godown
- TAN Application for Limited Liability Partnership
- GST on Transport of Exempted Goods
- GST on Renovation / Fabrication Work at Godown
- Transfer of ITC after death of proprietress
- Trust audit of Mumbai
- New tax regime exemption and deduction for government employees NPS Tier1
- Trust Audit filling
- Delay condonation of audit report of a trust
- CREDIT NOTE ISSSUE IN GST
- GST Self Invoicing
- Filing GST Returns after death of proprietor
- ITC reversal FY 2023-24
- GPA as proof of principal place in GST
- Regarding E way bill password reset-urgent please
Trending Online Classes
CAclubindia
