ceiling No. of Audits.
This query is : Resolved
06 October 2009
please update me about the ceiling no. of audits for a proprietor and firm !!!!
07 October 2009
Pl read chapter VI in https://www.icai.org/resource_file/12766Council_General_Guidelines.pdf
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Guest
Guest
(Expert)
07 October 2009
If person is appointed as auditor U/S 224 (1B) then
a person can be appointed as auditor of 20 companies out of which not more than 10 shall be companies each of which paid up share capital is above rs. 25 lakhs.
He can do audit of N no. of private companies.
Above limit is for 1 person, If there are more than 1 person than multiply the limit with no. of persons
a person can be appointed as auditor of 20 companies out of which not more than 10 shall be companies each of which paid up share capital is above rs. 25 lakhs.
He can do audit of N no. of private companies.
Above limit is for 1 person, If there are more than 1 person than multiply the limit with no. of persons
09 October 2009
Agree
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