Internal audit of a resident welfare association

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Querist : Anonymous

Querist : Anonymous (Querist)

10 December 2012 We (auditors) had accepted to do an internal audit for a RESIDENT WELFARE ASSOCIATION. whose books of accounts were audited up-to 31/03/2011( a consolidated audit was done from 01-07-2009 to 31/03/2011 by some other auditor )The copy of audit report was given to us . we are supposed to audit and give a report for the period 01-04-2011 to 31-03-2012. but account books were maintained only from 01-05-2011 (due to change of management). Practically how are we supposed to do the audit now, also how to conform the opening balances. It has an average receipts of 5,00,000 per annum(collected for apartment maintenance .)

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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01 August 2024 https://docs.google.com/document/d/103jzxFPX9UmZmD6ja39GvUy8y1BiH2TM42Ck8yyFyU0/edit?usp=sharing

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