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15 months audit

This query is : Resolved 

Hi,

Can a statutory auditor conduct audit for 15 month period at the request of client. If so what are the tax & legal consequences??
Generally everytime we conduct audit for accounting year of 12m April to March.
This assignment is in addition to it.

every company is obliged to have the financial year starting from 1st April to 31st March under the new companies act. The exception is only for newly incorporated companies.

Sir,
Here Financial year followed by company is same april to march. However, in addition to it, they are requesting for 15m period financials as it is being takenover by other company.

yes, it can be done. most companies carry out due diligence also



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