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Maximum number of audits
the ceiling limit for makimum number of audits that a chartered accountant can undertake is mentioned as 20 in section 141(3)(g) of Companies Act 2013. Should branch audits, audit of foreign companies and private companies be included in determining the maximum audits?
Replies (2)
As per MOCA Notification dated 05.06.2015, the limit of 20 number of company audits excludes OPC, dormant companies, small companies and pvt ltd companies with less than 100 crores paid up capital
branch, samll compamies and foreign company not to be included in limit
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