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Audit Report

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Querist : Anonymous

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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?

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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
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)
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