Number of Tax Audits and Company Audits Permissible for a Member

---------- Forwarded message ----------
From: ESB - ICAI <email@icai.ind.in>
Date: Fri, Jul 13, 2012 at 3:24 PM
Subject: No. of Tax Audits and Company Audits Permissible for a Member
To:

Dear Professional Colleague,

Members have time and again, raising queries regarding maximum numbers of audits that may be accepted by a Chartered Accountant and the various situations under which numbers of audits would be reckoned. Therefore, a comparison of No. of tax audits and company audits permissible for a member in practice, and the possible situations, are encapsulated here for your ready reference. The limit of tax audits and company audits is discussed in Chapters VI and VIII of the Council General Guidelines, 2008 respectively, which have a mandatory compliance. Hope you like the series of E-mail flashes as an initiative of Ethical Standards Board to promote Ethical Standards amongst our professionals covering important ethical aspects. All suggestions are welcome.


With Regards


CA. K. Raghu, FCA
Central Council Member and,
Chairman, Ethical Standards Board

 

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