Audit limit - 20
This query is : Resolved
27 January 2016
q1. How many companies can an auditor audit? is it 20 including all types of companies? or is it 20 excluding dormant, and private companies having share capital less than 100 crores? I don't know which is the latest amendment?
q2. While calculating this number, do we include branch audit and subsidiary companies audit? As per my understanding branch audit will be counted as 1 separately.
Please help me out.
Thanks
q2. While calculating this number, do we include branch audit and subsidiary companies audit? As per my understanding branch audit will be counted as 1 separately.
Please help me out.
Thanks
27 January 2016
Yes the audit limit is 20 this is inclusive of private limited companies. However, dormant companies, small companies and Pvt Ltd companies having less than 100 crore paid up capital arent counted in the 20 limit. Branch audits are considered as one.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
