Audit report is not signed by assessee.
This query is : Resolved
17 June 2014
if the audit report is not signed by the assessee but duly signed by the CA then what is its legal consequences??
I want to know all its legal impact??
On which legal ground a third party denied about its reliablity?
I want to know all its legal impact??
On which legal ground a third party denied about its reliablity?
17 June 2014
since when did auditee started signing audit report?
17 June 2014
sorry for this doubtful query.
Here audit report means attached balance sheet and p & l with audit report.
means sign by assessee on these b/s and p&l?
Here audit report means attached balance sheet and p & l with audit report.
means sign by assessee on these b/s and p&l?
17 June 2014
hmm...well without the auditee's signature, auditor's signature has no value...it has to be signed by the auditee to give it any legal validity
17 June 2014
ok thanx sir..
then this b/s and p&l with audit report is not valid?
can you explain the legal reference regard this?
then this b/s and p&l with audit report is not valid?
can you explain the legal reference regard this?
17 June 2014
see section 134 of the companies act require that the accounts need to approved through a signature of the directors. without that it cannot be said that the accounts have been approved.
17 June 2014
In case of proprietorship concern?
17 June 2014
in case of proprietorship concern...only tax audit applies...even that needs to be accepted by the auditee online before it is accepted by income-tax department as filed.
17 June 2014
if this was the case two years earlier, when there was no provision of uploading the audit report online, what would be the consequence of non approval/ signature by the auditee?
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- LC charges in relation to Asset purchased should be Capitalised ?
- Regarding appeal to GSTAT
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- Value of property in capital gain
- Multiple trade mark
- Transporter Declaration form
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
