Audit Report
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2011
Dear Experts I thank you in advnce for the answer to the following:
Can a CA state in his Report pertaining to certain transactions of his Client litigation are also there without the Client producing copy of such ligation to the CA. The CA has submitted the Report to the Client with his Zeal and signature. The Audited Statements of Accounts in Toto with the Reports are to be submitted to Statutory authorities. Assume that the litigation if any are there, why the CA should include the same in his reports?
Further, if the Client canvasses with the litigation document is it advisable to state in the Reports of CA?
Dear Experts I thank you in advnce for the answer to the following:
Can a CA state in his Report pertaining to certain transactions of his Client litigation are also there without the Client producing copy of such ligation to the CA. The CA has submitted the Report to the Client with his Zeal and signature. The Audited Statements of Accounts in Toto with the Reports are to be submitted to Statutory authorities. Assume that the litigation if any are there, why the CA should include the same in his reports?
Further, if the Client canvasses with the litigation document is it advisable to state in the Reports of CA?
08 January 2011
If there is material impact of litigation CA can bring it in the report.
It is not the CA duty ti detect a fraud ( i.e. canvassing the litigation document)
It is not the CA duty ti detect a fraud ( i.e. canvassing the litigation document)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- GST Intimation due to Government took possession of Business Premises under PPE Act
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
