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Nithin KR asked 1 year ago

Sir,
The maximum insurance audit by an auditor is 3. What is the maximum number of insurance audit for an Audit firm? 
Is it “” No of partner x 3 “”? 

1 Answers
RaviRavi Staff answered 1 year ago

only partnership firms can do audit of insurance companies
individuals cannot do it
and limit for firm is 3 irrespective of number of partners
further it for all types of insurance companies taken together Life/Nonlife/Health /Reinsurer
and at a point of time should not do more than 2 audits in same line of insurance
eg 2 audits of life and 1 of non life is possible

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