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.
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