Limit on number of Audits

Originally posted by : SSG
	A CA can do 45 tax audits in a year. The assessee can be corporate or non-corporate.

This Counting is Other Than Statutory Audit or Not ?????

This Counting is Other Than Statutory Audit.

 Thanks for sharing.....

heLLO Mr. Ankur GArg....

 M a studEnt f CA Final...n AS pER d amendMent Being available wid me .... the ceiling limit of audit is 30,including 10 for PRivate compAnies...

rEst BRanch Audit even has bEEn inclUded foR d pUrpOSe f AudiTs....

n if u wAnna confirm u cAn Refer to Buk of Sir Vinod Kumar AgarWal.....of AS FoundAtion...Pune..

If u Have any oder Reference den DO tell me .. .

Whether Branch audit will also be included in counting No. of audit ? If yes then tell me notification No.

Branch audit is not to be included while calculating the specified numbers of audits.

Department circular No. 21/75(35/3/75-CL-III), dated 24.09.1975.

According to Notification issued in 2001,Branch audit will also be included in ceiling.According to your answer to my previous question it is not so. Can you please verify it with notification No .?

Hello Mr. Ankur,

thanx for d info. but is there any amendments to Sec 224(1B) because the RTP issued by ICAI for CA FINAL(NEW COURSE) for NOV 2010 says that the maximum ceiling limit for the audits is 35 audits per auditor.

thanx for d info. but is there any amendments to Sec 224(1B) because the RTP issued by ICAI for CA FINAL(NEW COURSE) for NOV 2010 says that the maximum ceiling limit for the audits is 35 audits per auditor.

Thanks a lot for sharing

Dear Friends,

Good News to all of us who has a dream to join BIG COMPANY like Accenture who is equivalent to Google & Yahoo...

Accenture is looking for their NOIDA Localtion -

B.Com, BBA, BBM, CA, ICWA, M.Com, MBA, MFM

• Work experience: 0 to 7 years of Accounting experience in

- General Accounting – R2R

General Accounting / Fixed Asset Accounting / Journal Entries / Accounts Recon and Analytics / Period Close and consolidation / Financial Reporting / Management Reporting / Regulatory Reporting / Tax Reporting / Master Data Maintenance

- Accounts Payable – P2P

Third party and Intercompany Invoices and Credits / T&E / Vendor Masterdata Maintenance / Payments and Remittances / Vendor Statement Reconciliations / Trade Credit Reconciliations / Interface Management / Payment Accuracy controls

If you / your friend have / has the above qualification then don't hesitate to shoot me your resume at - accentureindiajobss @ gmail.com

Don't delay - Opening till 20th November 2011 with limited number of opening.

Regards,
Your Friend from Accenture :)

Sir, I am getting audit of 70 private limited  companies. Last year all companies were audited by a single CA having a proprietorship CA firm. Shall I go ahead and sign those 70 balance sheets or is the limit restricted to 30?

can the auditor sign for 40 private limited companies. . . .