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Question
Maximum number of companies an auditor can audit are ______.
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Solution
The correct option is D 20
As per companies Act 2013 maximum limit of a company is 20 excluding one person company, small company, dormant company having paid up capital less than 100 crores. As per ICAI guidelines a chartered accountant can take maximum 30 audit including Pvt.co. In this limit of 30 we will consider OPC, small co., dormant co, Pvt co having paid up less than 100 crores.
As per companies Act 2013 maximum limit of a company is 20 excluding one person company, small company, dormant company having paid up capital less than 100 crores. As per ICAI guidelines a chartered accountant can take maximum 30 audit including Pvt.co. In this limit of 30 we will consider OPC, small co., dormant co, Pvt co having paid up less than 100 crores.
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