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Limit on number of Audits

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CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)
Replied 11 January 2010

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 ?????



SSG (1936 Points)
Replied 11 January 2010

This Counting is Other Than Statutory Audit.


CA Rahul Jain (Article) (57 Points)
Replied 13 January 2010

 Thanks for sharing.....

 


PRATEEK JAIN (ARTICLE) (21 Points)
Replied 25 February 2010

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 .. .


CA Ankit Singhal (Income Tax Consultant) (38 Points)
Replied 21 March 2010

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




Ankur Garg (Company Secretary and Compliance Officer)   (114773 Points)
Replied 22 March 2010

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.


CA Ankit Singhal (Income Tax Consultant) (38 Points)
Replied 23 March 2010

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 .?


CA Snehal Sukhadia (Student) (30 Points)
Replied 08 October 2010

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.


pooja (ca final) (174 Points)
Replied 13 November 2010

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.



(Guest)

Thanks a lot for sharing




Accenture Hiring (Counsulatnt) (65 Points)
Replied 26 August 2011

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Ankit Hansaria (Asst.Manager-Accounts) (29 Points)
Replied 07 June 2012

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?


S.Anu (Student) (220 Points)
Replied 08 August 2012

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


CA chintan lakhani (properitor) (22 Points)
Replied 23 May 2014

Tax audit of cooperative society is covered under 45 limit




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