gauri (student) (114 Points)
09 May 2014Hello, my query is regarding the ceiling on number of audits that is imposed on a person if he is in partenership in 2 FIRMS. I wish to know what is the total number of audits that he can udertake? He may or may not be practising in his individual capacity also.
Anticipating your replies! Thankyou :)
CA Saroj Kumar
(Keen to learn something new every moments)
(2588 Points)
Replied 10 May 2014
Mam max ..audit limit is 30(including private Co.) as per ICAI guidelines and as per company act this 20 per partner ....total in respect of all firm in which individual partner is working. Number of audit is counted on agregate basis.
gauri
(student)
(114 Points)
Replied 10 May 2014
Okay now I understand. Thankyou for clearing my doubt! Huge help :)
CAclubindia
