Audited balance sheet contains fraud
This query is : Resolved
23 July 2013
Dear sir,
If an audited balancesheet contains fraud, can we restate figures in it and what is the liability of ca when he is not aware of the fraud and conducted test check basis vouching and erformed closing audit....
company is a listed company and balancesheet is already sent to sebi, roc etc
If an audited balancesheet contains fraud, can we restate figures in it and what is the liability of ca when he is not aware of the fraud and conducted test check basis vouching and erformed closing audit....
company is a listed company and balancesheet is already sent to sebi, roc etc
23 July 2013
no you cannot restate figure of audit report
pls tell the audiors and then auditor issue revised audit report with your above fraud
pls tell the audiors and then auditor issue revised audit report with your above fraud
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23 July 2013
Can an auditor restate the figures?
and also audited balancesheet is adopted in AGM by share holders
and also audited balancesheet is adopted in AGM by share holders
23 July 2013
YES PLS CONTACT OT YOUR AUDITORS
23 July 2013
as per companies act section 215 it says a balancesheet adopted in agm can not be reopened in any case for correction
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