Revised aaudited balance sheet

This query is : Resolved

Nitesh Mittal (Querist)
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10 May 2012 Is the Statuatory Auditor has a right to revise the audited balance sheet.Pls update me with the appropiate section under the Companies act.

Thanks

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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11 May 2012 ICAI and DCA, Covt of India, opinions that accounts of a company once adopted at its annual general meeting cannot be reopened and revised except for meeting technical requirements of taxation laws.
In case company takes a contrary view and decides to reopen and revise its accounts, and get them audited, the auditors should qualify their report through the preamble of the revised audit report.

Nitesh Mittal

Nitesh Mittal (Querist)
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16 May 2012 Thanks for your valuable suggestion.

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