celling limit for audit

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Kanhaiya (Querist)
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02 July 2008 hello

sir
i want to know that is there any amendment in celling limit of audit(No of companies) if amended than how much

Kanhaiya

Kanhaiya (Querist)
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02 July 2008 h

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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02 July 2008 No amendment

CA Anand Sarda

CA Anand Sarda (Expert)
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02 July 2008 No Amendment

Maximum 20 Public companies ( not more than 10 companies having paid up capital 25 lakhs) Excluding Private companies, Sec25 companies, and Branch audits

Amit Bajaj

Amit Bajaj (Expert)
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03 July 2008 No amendments

As per ICAI 40 audits all put togather

CA Anand Sarda

CA Anand Sarda (Expert)
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04 July 2008 As per ICAI, overall 30 audits including private company audits. and not 40

Rajendra S Bhati Mumbai

Rajendra S Bhati Mumbai (Expert)
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24 August 2009 40 is tax audit

Aditya Maheshwari

Aditya Maheshwari (Expert)
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23 October 2009 45 is tax audit

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CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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21 June 2010 45 tax audits

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CA. Anoop Gadia

CA. Anoop Gadia (Expert)
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24 July 2010 Aditya
in that you also repeated

so what is this

45 is tax audit limit

but there is que. on audit of company

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 July 2010 There was a wrong answer given for tax audit and the same is corrected and no repition is there in this.

You could check the answer itself.

ANd repitition is by devanshi repiting after 8 months..

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 July 2010 Agree with Aditya ji.
He rightly corrected. But dont understand reply of Anoop ji.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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24 July 2010 Nice analysis of my replies.

Itna toh maine bhi nahi kiya hoga.

It is requested to you to keep ur replies limited to queries which are open and if something wrong is there in the reply to correct the same and the expert will accept it without any hesitation.