Audit of a entity

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Dear Friends,

  Please tell me that a ca firm can conduct audit of a client how many times continiously.

  Is there any rule regarding that a ca firm can not conduct audit of a client not more than ****** times continiously.

  If yes please Provide the coditions for both internal, statutory audit  and with tax audit seperately.

 

Thanks Regards \

Piyush Chaudhary

Replies (1)

For Internal Audit : No Such Requirement. However your Firm Should have engagement Letter

 

For Statutory Audit : Your Firm should qualify the restriction of 45 tax audit & 30 company audit & your firm should be appointed as an auditor for the f.y. in the AGM or you should have valid appointment letter from firm or individual as the case may be

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