Ceiling on Audit
This query is : Resolved
03 November 2008
Does tax audits fall under the purview of maximium ceiling given by ICAI & Companies Act.
04 November 2008
The Central Council of the Institute of Chartered Accountants of India (ICAI) has increased the ceiling on the number of tax audit assignments that a chartered accountant can accept in a financial year either as partner or proprietor.
"The ceiling on tax audit has been increased from 30 to 45 per chartered accountant/per partner. Each partner can undertake 45 tax audits," Mr Sunil Talati, President of ICAI.
"The ceiling on tax audit has been increased from 30 to 45 per chartered accountant/per partner. Each partner can undertake 45 tax audits," Mr Sunil Talati, President of ICAI.
05 November 2008
Am i right to say that any kind of audit (statutory; internal; concurrent; tax etc) of a company (including private company)should be counted for the purpose the said ceiling.
06 November 2008
Not Internal & Concurrent
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