01 May 2025
For a small private limited company, unless there are significant operational/regulatory changes, the auditor’s report may remain largely unchanged. The change could occur due to several reasons, such as:
Change in auditor: If the company appoints a new auditor. Scope limitations: If the auditor cannot obtain sufficient evidence or there are restrictions. Significant discrepancies: Material misstatements or inconsistencies. Modified opinion: If the auditor issues a qualified, adverse, or disclaimer of opinion. Changes in accounting policies or compliance issues flagged. Emergence of new uncertainties or events after the previous report.