Karan Batra

Limit on No. of Audits 2014-04-20

Companies Act 2013

  1. Karan Batra
    The new Companies Act 2013 has limited the max no. of Audits conducted by a CA to 20. This restriction also covers One Person Companies, Small Companies & Pvt Companies.

    ICAI has written to Ministry of Corporate Affairs to remove this restriction as it will cause undue hardship to Companies and Auditors.

    A Copy of the letter requesting the same has been attached herewith