This discussion clarifies the audit limit for Chartered Accountants (CAs) as per ICAI guidelines. Generally, the yearly audit limit is 60 audits. This limit applies to each partner in a firm, and it's important to note that small private companies with a paid-up capital under 10 lakhs are included within this restriction.
02 July 2020
I need to know the limit ( number of audits) a CA can do as per ICAI guidelines? Are small private companies with Paid up capital less than 10 lakhs included in this limit ?