Ceiling on number of audit assingment
This query is : Resolved
09 March 2009
We are two partners in firm. I would like to know is it mendatory that each partner should sign 45 audit reports or either of partner can sign 90 auit reports?
CA. B.SRINIVASULU
(Expert)
09 March 2009
The Limit is for each partner. Further if he is a partner in more than one firm. Then wherever he affixes signatures in that firm also will has to be counted. In toto an individual partner should not exceed his limit.
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