Home > Experts > Audit > Private limited audit report format


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Private limited audit report format (Audit)

Report Abuse
This query is : Resolved


( Author )
27 January 2012

my self is practicing ca in pune. please any body can give me a audit report format of private limited
business and company


B.Chackrapani Warrier

( Expert )
27 January 2012

The Members of RED CARPET HOUSING PROJECTS PRIVATE LIMITED, XX/195,
M.G.ROAD,COCHIN – 682002.

We have audited the attached Balance Sheet of RED CARPET HOUSING PROJECTS PRIVATE LIMITED as at 31st March,2011 and the Profit and Loss account for the year ended on that date annexed thereto. The financial statements are the responsibility of the company’s management. Our responsibility is to express an opinion on these financial statement based on our audit.

2. We conducted our audit in accordance with the auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant statement presentation. We believe that our audit provides a reasonable basis for our opinion.

3. As required by the Companies (Auditors Report) Order, 2003 issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Companies Act,1956, statement on the matters specified in paragraphs 4 and 5 of the said order are annexed separately.

4. Further, we report that:

i) we have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purposes of
our audit;
ii) in our opinion proper books of accounts as required by law have been
kept by the company so far as appears from our examination of those
books;
iii) the Balance Sheet and Profit and Loss account dealt with by this
report are in agreement with the books of account;
iv) in our opinion, the Balance Sheet and Profit and Loss Account dealt with by this report are in compliance with the Accounting standards
referred to in sub section (3C) of section 211 of the Companies
Act 1956;
v) on the basis of written representations received from the directors, as on 31st March 2011, and taken on record by the board of directors, we report that none of the director’s is disqualified as on 31st March, 2011 from being appointed as a director in terms of clause (g) of sub section (1) of section 274 of the Companies Act, 1956;
vi) in our opinion and to the best of our information and according to the
explanations given to us, the said accounts read together with the Significant Accounting Policies and notes thereon give the information required by the Companies Act,1956 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India;
a) in the case of the Balance Sheet, of the state of affairs of the company as at 31st March,2011 and ;
b) in the case of the profit and loss account, of the profit of the
company for the year ended on that date.



FOR A,B & ASSOCIATES
CHARTERED ACCOUNTANTS



CA.A, FCA
M.N0.020075
PARTNER
FRN-008256S COCHIN-682016
31 / 08 / 2011


SATYAWAN NANASAHEB JAGTAP

( Author )
28 January 2012

thankyou sir


SATYAWAN NANASAHEB JAGTAP

( Author )
30 January 2012

pease sent MAOCRA audit report format to me


B.Chackrapani Warrier

( Expert )
30 January 2012


ANNEXURE TO THE AUDITOR’S REPORT

(Referred to in paragraph 3 of our report of even date)

(i) (a). The company has maintained proper records showing full particulars including quantitative details and situation of fixed assets.

(b). The fixed assets have been physically verified by the management at reasonable intervals which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

(c ) No fixed assets have been disposed off during the year so as to affect the going concern status of the company.

(ii) (a) Physical verification of inventory has been conducted by the management at reasonable intervals.

(b) The procedures of physical verification of inventory followed by the management is reasonable and adequate in relation to the size of the company and the nature of its business.

(c) The company is maintaining proper records of inventory. No material discrepancies were noticed were noticed on such physical verification.

(iii) (a) The company has not granted any loans, secured / unsecured to companies, firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956.

The company has not taken unsecured loans from parties covered in the register maintained under section 301 of the Companies Act 1956.

(iv) The company has not made any purchases of inventory, fixed assets and sale of goods during the year. Hence comments on internal control procedures with regard to the above matters does not arise during the year under audit.

(v) (a). In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements, that need to be entered in the Register maintained under section 301 of the Companies Act,1956 have been so entered.
(b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts / arrangements entered in the Register maintained under section 301 of the Companies Act,1956 and exceeding the value of Rs. 5,00,000/- in respect of each party during the year have been made at prices which appear reasonable as per information available with the company.

(vi) The company has not accepted any deposits from public during the year.

(vii) The company has an internal audit system commensurate with the size and nature of its business.

(viii) According to the information and explanations given to us, the central government has not prescribed the maintenance of cost records under section 209(1) (d) of the Companies Act, 1956 for the services of the company.
(ix) In our opinion, the accumulated losses of the company is more than its net worth. The company has not incurred cash losses in this financial year and in the financial year immediately preceding the year under audit.

(x) According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the year.

(xi) In view of the nature of business carried on by the Company clause No.4 (xii), (xiii), (xiv) of the order referred to in para 3 of our report of even date are not applicable to the company. Further, in view of the absence of conditions prerequisite to the reporting requirement, clause (iii) (b), (c), (d), (ix)(a) and (b),(xi),(xv),(xvi),(xvii), (xviii), (xix) and (xx), of the said order are, at present, not applicable to the company.

For AB & ASSOCIATES
CHARTERED ACCOUNTANTS


CA. A , FCA M NO. 020075 PARTNER
FRN-008256S

Place: COCHIN-16
Date: 31 / 08 / 2011

PS :- Edit the above according to your requirement.


SATYAWAN NANASAHEB JAGTAP

( Author )
30 January 2012

thanks sir


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :












submit










Quick Links





back to the top