[Solved] The maximum number of audit assignment an auditor can accept is limited to ________ companies.

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The maximum number of audit assignment an auditor can accept is limited to ________ companies.

a) 10

b) 15

c) 20

d) None of these

Answer: (c) The maximum number of audit assignment an auditor can accept is limited to 20 companies. As per the companies Act 2013 maximum limit of a company is 20 excluding a one-person company, small companies, and dormant companies having paid-up capital less than 100 crores. As per ICAI guidelines, a chartered accountant can take maximum 30 audits including Pvt. co.

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