Chartered Accountants

The ceiling on tax audits regulates how many tax audit assignments a Chartered Accountant can accept during a financial year, helping maintain audit quality, professional independence, and adequate attention to each engagement. The applicable limit is governed by ICAI rules and professional standards, with specific principles determining how assignments are counted for individual practitioners and firms. Chartered Accountants must carefully monitor accepted audits and comply with prescribed limits to avoid professional misconduct and disciplinary consequences.