Can a Practicing CA accept audit of 50 pvt. ltd.companies ??
Ankit kumar sharma (fresher) (36 Points)
29 December 2012Can a Practicing CA accept audit of 50 pvt. ltd.companies ??
Ashwani Narnoli
(.)
(1843 Points)
Replied 29 December 2012
Radheshyam Mishra
(CA)
(29 Points)
Replied 06 January 2013
As per my knowlege a practicing CA can take Unlimited number of Audit of a Private Limited Company...
Harish
(CA Student)
(568 Points)
Replied 08 March 2013
As per companies act, a Practising CA can take unlimited Pvt. companies audit but it is not the same as per ICAI Guidelines.
Pawan Mittal
(CA Final)
(702 Points)
Replied 08 March 2013
As per companies act Section 224(1B) a CA can accept unlimited no. of private limited company audits.
But as per Chartered Accountants Act, 1949 an auditor can accept maximum 30 company audits.
Here company includes private as well as public companies.
So for example a CA is not having any other company audit still he can accept only 30 private limited companies audit.
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 12 March 2013
As per companies act Section 224(1B) a CA can accept unlimited no. of private limited company audits.
But as per Chartered Accountants Act, 1949 an auditor can accept maximum 30 company audits.
by applying Rule of harmonious construction
Ca can done 30 audit maximum(whether pvt and pub co.)
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