Ceiling limits for company auditors- No of Audits a CA can do
As per sub- clause (g) of clause 3 Section 141 of Companies Act, 2013
"........................................a person or a partner of a firm holding appointment as its auditor, if such person or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies"
Referring the above said provisions it is clear that ceiling limit for a Chartered Accountant for appointment or reappointment as an auditor is twenty 20.
The aforesaid ceiling also covers one person company(OPC), small companies and private companies.
"........................................a person or a partner of a firm holding appointment as its auditor, if such person or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies"
Referring the above said provisions it is clear that ceiling limit for a Chartered Accountant for appointment or reappointment as an auditor is twenty 20.
The aforesaid ceiling also covers one person company(OPC), small companies and private companies.
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