Can Financial Statements be revised

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It is possible to revise audited financial statements for a proprietorship firm, even after the audit for AY 2021-22 has been completed and before the ITR is filed. The revised statements should be sent to the same recipients as the original ones. If a tax audit report was also issued, it can be revised by providing the necessary reasons for the changes.

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(Querist)
14 March 2022 Dear sir,
We have audited the books of accounts of one party at last hours for the Ay 2021-22. Now there is some error in the financial statements can we revise the audited financial statements. The status of the assessee is proprietorship firm. ITR of the assessee is not filed.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 March 2022 Yes, you can revise the audited financial statements.
Send revised statement to whom original statement already sent.
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CA Puja Sharma

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CA Puja Sharma (Expert)
14 March 2022 Yes, you can revise the Audited Financial Statements.
You can revise the tax audit report after giving the reason for revision.
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