Audit on the basis of Photocopies

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Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2010 Can auditor qualified the report merely on the basis of the audit has been done on the basis of Photocopies.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 August 2010 Could u share the reason for not having originals? If raid or survey case then u can give some qualifications.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 August 2010 Books has been seized by custom deportment for investigation purpose.

Please let me know can auditor qualify the report on the basis of non availability of original record despite of he is having photocopies for the same.

Aditya Maheshwari

Aditya Maheshwari (Expert)
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27 August 2010 We had once qualified the report as books were seized by excise authorities as under:

During the raid in the premises on _____ the original books of accounts have been seized by the authorities under the Central Excise Act, 1944. Therefore, we have audited the books of accounts on basis of Xerox set of books taken from the excise department. Therefore, we are unable to comment of any deviation from the Xerox set of books from the original, if any due to absence of original sets of books of accounts.

This is just an disclaimer of opinion.

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