Company audit limit as per Icai guidelines


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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.

(Querist)
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 ?

09 August 2020 Yearly audit limit is 60

In case of a firm the restriction on tax audit limit will be applicable for each of the partners.

09 August 2020 https://www.caclub.in/specified-number-of-tax-audits-ceiling-limit-amendments-clarifications-by-icai/


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