Number of audit of company

This query is : Resolved 

12 September 2014 Sir/Madam,
As per sec 141,any Auditor can conduct audit of maximum 20 companies w.e.f.01/04/2014. so, If any firm has No. of firms is more than the limit specified in said section as on 31.03.2014, can he carry out the same or he shall be disqualified.

12 September 2014 New Limits is for Audits accepted after 01.04.2014


12 September 2014 Thank you Mam. Mam, can you please give me reference of any circular/notification regarding this, so that i can give reference in our Audit Report.




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