Can an auditor include the qualifications made by another auditor of a subsidiary company while considering the audit of consolidated financial statements

if we do statutory audit of companies, others,etc and gives our opinion on that ,, mean qualified ,disclaimer of opinion and adverse effect....then after the audit report is signed by both client and c.a ..
my question is that ,wat happened of these kind of opinion's to the client co...?..who are the authorities that can take action against it? income tax dept or roc ..or Mca.....
is there any penalties of these kind of opinions on client co?...
no answer of after action is given in any book...
plz guide...

I have received a call from income tax office that you have signed a audit report of a client and your membership number & name mentioned. . On verification of my record i have found that i have not signed of that client audit. Please suggest what can i do

Dear Sir,

I am doing discrepency audit of a clothing retailer having turnover of 150/- crores.
So I need a format for the reporting purpose.

So, if anyone can mail me the Intenal/Discrepency Audit report format,I will be really thankful to you.

Regards,

Ashmit Mittal

Sir,
My client is covered u/s 44AB but the return was not filed till 30th sep. The provisions of 271B say about the completion of audit before 30th sep. It does not talk about filing of return before 30th sep anywhere. Can my client take a stand that accounts where duly audited till 30th sep but the return was filed on 1st oct? And whether in this case penalty will be levied u/s 271F (Rs. 5000) instead of 271B?

KIND. ATTN.SIR
==============
KINDLY CLARIFY, IF THE ASSESSEE HAS NOT COMPLIED WITH TDS PROVISIONS BEFORE THE DUE DATE OF FILING OF RETURN, WHAT ARE ALL THE QUALIFICATIONS TO BE SUBMITTED IN THE 44AB AUDIT REPORT BY THE AUDITOR. KINDLY ACKNOWLEDGE.
WITH REGARDS
CA.P.SHANGAR

A proprietorship business is converted into partnership business in 1.10.2011.Assuming financial year 2011-12.

How an auditor should certify the financial reporting period in both cases, If in both situation same auditor is appointed ?

IS THERE ANY EXTENTION OF TAX AUDIT DUE DATE FOR A.Y.2011-12

The Company sold goods to its dealer on valid orders received from the dealer. However subsequently the the few dealers returned these goods to the company. To maintain the relations with dealers company accepted the goods, however did investigation against the sales team to find out whether the sale was "Forced sale or not". Nothing could be found in the investigation. The company informed about the investigation and its results to the auditors
The auditors construed this as a fraudulent activity and reported as such in the CARO reporting.
Is it right to report this as a fraudulent activity.

what should be the answer pattern one should use-should it be in points or paragraphs? plz suggest important points i should take note of to score good marks in this paper of audit?