Audit Trail on Pvt. Ltd. Company

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This discussion clarifies the application of audit trails for Private Limited companies, confirming their applicability from the financial year 2023-24. It highlights a discrepancy between The Companies (Accounts) Rules, 2014, which suggests applicability from 1-4-2022, and The Companies (Audit & Auditors') Rules, 2014, indicating 1-4-2023 as the start date.

Daya

Daya (Querist)
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29 May 2023 is audit trail apply on Ltd. Company only.
And apply from FY 2023-24.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 May 2023 It's applicable to all companies from FY 2023-24.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 May 2023 But there is a contradiction between The Companies(Accounts) Rules,2014 and The Companies (Audit &Auditors') Rules,2014. The former says applicable from financial year commencing from 1-4-2022 while the latter 1-4-2023.

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