Audit Report FY 23-24 Latest

Hey! For FY 23-24 audit report of a private limited company without CARO (i.e., when CARO is not applicable), here’s a general template outline you can follow. Since I can’t share a ready-made official report, I’ll give you the key points and structure you can use to draft it:

Independent Auditor’s Report

To the Members of [Company Name]

Report on the Audit of the Financial Statements

Opinion
We have audited the accompanying financial statements of [Company Name] (“the Company”), which comprise the Balance Sheet as at March 31, 2024, the Statement of Profit and Loss, the Cash Flow Statement, and the notes to the financial statements for the year then ended, and a summary of significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013 (“the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2024, and its profit/loss and cash flows for the year ended on that date.

Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India and we have fulfilled our ethical responsibilities in accordance with these requirements.

Management’s Responsibility for the Financial Statements
The Company’s Board of Directors is responsible for the preparation of the financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act. This responsibility also includes maintenance of adequate accounting records, safeguarding of assets, selection and application of appropriate accounting policies, and making accounting estimates that are reasonable in the circumstances.

Auditor’s Responsibilities for the Audit of Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.

Report on Other Legal and Regulatory Requirements
As per the provisions of the Companies Act, 2013, and rules made thereunder, other relevant statements/reports (like CARO) are not applicable to the Company for the financial year ended March 31, 2024.

Place: [City]
Date: [Audit report date]

[Auditor's Signature]
[Auditor’s Name]
[Firm Name]
Membership Number:
UDIN: