Threshold Limit

This discussion clarifies the threshold limit for company audits, stating an individual can audit up to 20 companies, excluding certain types like one-person companies, dormant companies, small companies, and private companies with less than ₹100 crore paid-up capital. It also addresses that sole proprietorship and partnership accounts aren't audited under the Companies Act 2013, suggesting they fall under tax audits and prompting a query about the relevant threshold for those.