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audit of previous year

CA Shivani Bhardwaj (Chartered Accountant) (158 Points)

16 April 2017

Plz suggest if CA is appointed for the audit but there is no audit conducted for previous years than in that case can CA can do audit for appointed year as well as for previous years.

can he do audit only for appointed year as there is no audit in back years plz suggest

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2 Replies

Sumeet (CA) (537 Points)
Replied 16 April 2017

I think CA should do audit for the Appointed Year only and give a remark in his/her report that audit were not conducted for previous years.

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CA Amrita Chattopadhyay (Audit & Assurance) (13029 Points)
Replied 28 April 2017

If the appointment of auditor was made for the previous and the same auditor continues to be the auditor for the current year, (as per Companies Act, 2013) where the appointment is generally made for 5 years.

In such case, audit of previous year can be done but proper disclosure is required in the notes to accounts.