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Statutory audit limit

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(Querist)
12 August 2013 Dear sir,

How many statutory audit can be conducted in a year by a Chartered Accountant. What is the limit for statutory audit in a year.


Thanks in advance
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
12 August 2013 The limit is 20 companies per CA of which not more than 10 should be companies having paid-up capital of Rs. 25 lakhs or more.
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Ramesh

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Ramesh (Querist)
14 August 2013 Dear sir,

Please tell me that the limit is of 20 or 30.
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