No. of audits for ca ?
This query is : Resolved
CA Sahil Singla..
(Querist)
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 ?
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 ?
25 May 2012
Branch audits are excluded while computing the limit.
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