In the case of change of buisness of the private limited company a special resolution is passed in extraordinary general meeting during the financial year . If the Chartered Accountant is provided with the original resolution signed by all the shareholders, is He still liable to mention it in his Auditor's Report for the same Financial Year . Provided the Special resolution comes into force from the succeeding financial year.
Kindly reply as soon as possible.
As per my understanding it is required to be mentioned in the Auditors report.
Arpit Ji,
Yes ! It must be clearly disclosed in Auditor's Report..
Coz it is an "EVENT OCCURRING BALANCE SHEET DATE" which is governed by AS-4 issued by ICAI.
SA 560 (AAS-19) SUBSEQUENT EVENT also covers the same responsibility on part of Auditors...
Adarsh
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