Which of the following is counted for the purposes of section 224 IB the number of partners of a fir...........

Auditing Audit and auditor's report

Which of the following is counted for the purposes of section 224(IB) the number of partners of a firm which shall be taken into account would be as on the data of ___

Joint audit

Audit to non-profit companies

Audit of unlimited companies

All of the above

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Explanation:

- Section 224(1B) relates to the number of audits a chartered accountant or a firm can undertake.

- Joint Audit: This involves more than one auditor working together. It counts as a single audit assignment under section 224(1B).

- Audit of Non-Profit Companies: Audits conducted for non-profit organizations are also considered under section 224(1B) for the purpose of calculating the number of permissible audits.

- Audit of Unlimited Companies: Even audits of unlimited companies are counted under section 224(1B).

Correct Answer: Option 4 - All of the above