can any one provide me detail information on sec 224(1b)- ceiling on no. of audits
RAVI TEJA S (student) (706 Points)
11 October 2009can any one provide me detail information on sec 224(1b)- ceiling on no. of audits
CA. Megha Topiwala
(Job)
(1534 Points)
Replied 11 October 2009
A CA can accept 20 audit assignments... of which not more than 10 companies should b with more than capital of 25 lacs....
further the following audits r not considered in the limits:
1. Audit of branches
2. Audit of companies u/s 25
3. Audit of foreign companies
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