Revised aaudited balance sheet
This query is : Resolved
Nitesh Mittal
(Querist)
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
Thanks
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.
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
(Querist)
16 May 2012
Thanks for your valuable suggestion.
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