Ceiling of no of audits
This query is : Resolved
14 October 2011
Dear Experts
Please advise me on the following
According to companies Act and Read with ICAI Provisions a person can be auditor for 30 Companies.
My Doubt is whether these 30 are 30 companies are 30 audits. Because in the current year i have the audits of around 20 companies for the years 2009-10 and 2010-11 that means total audits coming to 40. Can i sign the total 40 in my individual capacity.
Please suggest me the provisions with reference to the concerned sections and case laws if any.
Please advise me on the following
According to companies Act and Read with ICAI Provisions a person can be auditor for 30 Companies.
My Doubt is whether these 30 are 30 companies are 30 audits. Because in the current year i have the audits of around 20 companies for the years 2009-10 and 2010-11 that means total audits coming to 40. Can i sign the total 40 in my individual capacity.
Please suggest me the provisions with reference to the concerned sections and case laws if any.
17 October 2011
No. Max 30 per individual per financial year.
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