banner_ad

company audit

IPCC 294 views 5 replies
While conducting the audit of a company for the year ended 31st March, 2010 the auditor called for
he General Ledger for the year ended 31 March 2007 for some reference. He would not get that
ledger as the booked of accounts of that year were already destroyed as per the instructions of the
Executive Director of the Company.
COMMENT.
Replies (5)
We will have to read section 128 with section 143
Section 128(5) states that the books of the company shall be maintained for a period of at least 8 years preceding the financial year. Further section 143 gives the auditor the power to ask for information relevant to discharging his duty as an auditor.
The action of the company in this regard is inappropriate.
The company is bound by law for a specified period of 8 years for retention of books of Accounts... they can't deny and restrict the scope of audit.
thank u all.👍👍


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details