Disclosure of pvt. ltd. co's annual accounts to the lawyer

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2013 I was an auditor for the ABC -a pvt. ltd. company for the FY ended on 31-03-2012, accordingly carried out an audit and tax audit for the said year.
Recently, I have received a notice from the lawyer stating that the said company has committed any irregularities during that year and therefore the said Lawyer has asked me to give him certified copy of the Annual accounts and details - outstanding wise details - of the Items appeared under "Unsecured Loans" in the balance sheet.The Notice further states the Accounts being public documnets, if I do not hand over it will be presummed that I am also a party to the said irregularities and therefore the said lawyer will also proceeds against me. The copy of the said notice is also sent to the Registrar of the Companies.

Help Required:
Under the circumstances, I would like to know that Can an auditor give copy of the accounts to the lawyer ? Also, the ICAI's guidline about disclosure of the information to the third party, if any, may also be relevant for me. How to give reply to the said notice.

Kindly help me by giving your valued opinion and suggestion on the matter please.

Jatin

Guest

Guest (Expert)

24 June 2013 24.06.2013

Dear Jatin,

Please appraise the Company Management of the legal notice and furnish a copy of the audited accounts to the lawyer.

Regards,

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now