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No. of audits for ca ?

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CA Sahil Singla..

CA Sahil Singla.. (Querist)
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21 October 2011 Experts

Suppose the there r two CA Firms. A & B

PQR Ltd. has 10 Branches. A Ltd. is appointed as PQR Lts's Statutory Auditor u/s 224 of Co. Act.
Firm B is appointed as Auditor of 2 branches of PQR Ltd.

Please tell me whether for Firm B, these 2 Branches will be exmpted for celing under 224(1)(B) ? Also, same is the case when both firms are appointed Tax Auditors under IT Act, 1961? Wat r Council Guidelines in this regard ?
I studies but confused regarding Firm B's ceiling ?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 May 2012 Branch audits are excluded while computing the limit.

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