44AB Audit

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 July 2011 Hi,Experts
Mr X is the sole proprietor of a CA Firm.During his practice he has accumulated clients whose accounts are required to be audited u/s 44AB.He has more than 45 Audits (Say 120 Nos.).He is not interested for partnership.Also it is not safe to pass the audits to another CAs,(bcoz of shifitng of clients to another CAs).The audit limit is 45 nos.In this situation what are his options to retain the clients? The clients r also not interested to leave the firm because of good relationship and adequate service.

Please render your valuable suggestions.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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08 July 2011 No option. He has to either get the audits done through others or to form a Partnership firm.

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