Missed a disclosure in statutory audit report

13 February 2018
Hello, an Auditor missed a disclosure on SBN Notes ammended vide notification number gsr 308(e) on 30th march 2017, under the Companies Act, 2013 notified by MCA. The Financials and audit reports have already been filed for all the companies. Can anyone let me know what are the consequences of these and what can be the remedies to rectify the same?

ashwani dhanuka (Expert)
13 February 2018
As far as i know, there is no such remedy. But you may perform few tasks to safeguard yourself from any probable uncertain situations which may arise in future. Ask for SBN details from Co. check it. Also take MR from Co.

Rajeshree Desai (Querist)
14 February 2018
That is already done. SBN notes details have already been collected. Its just that it is not disclosed in auditors report and nots to accounts.

ashwani dhanuka (Expert)
14 February 2018
then its fine. A revised Audit Report can only be issued if there is any revision in Financial Statements after issue of Audit Report. So, in this case, as per my view, revised Audit report cannot be issued

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