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Company audit

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paid Staff
57 Points Posted on 04 March 2017
Can there b two,auditors of company one statutory and other tax auditor??? If yes then how much balance sheets will,b prepared one or, two???
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On 04 March 2017 at 18:20 Report
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Knowledge Seeker
1353 Points Posted on 04 March 2017
yes.. statutory auditor will go with companies act...
tax auditor will go with Income tax act. ..
in real mostly tax & statutory auditor will be same. and yes two balance sheets will be done... for exempt depreciation will be differ from companies act rate to IT Act... and disallowances etc.....
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On 04 March 2017 at 20:43
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Knowledge Seeker
1353 Points Posted on 04 March 2017
for example*** not exempt
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On 04 March 2017 at 21:58
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paid Staff
57 Points Posted on 06 March 2017

as you said that there will b two balance sheets

Then repective balance sheets will be filled with concerned departments

Balance sheet as per income tax to income tax department

Balance sheet as per Companies Act to ROC???

Is there any default on comapnies behalf??

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On 06 March 2017 at 22:40


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