Revision of audit report
Abhishek Kothari (Article) (26 Points)
05 October 2015
can audit report be revised.??
if yes..., is ther any conditions to be compiled. ?
Thanks un Advance
Abhishek Kothari (Article) (26 Points)
05 October 2015
Neha Chhapolia
(Chartered Accountant)
(36 Points)
Replied 14 October 2015
Lokesh
(Chartered Accountant)
(26 Points)
Replied 14 October 2015
Hi Abhishek, hope your question pertains to tax audit report. Revision is possible on
grounds such as:
(i) revision of accounts of a company after its adoption in annual general
meeting.
(ii) change of law e.g., retrospective amendment.
(iii) change in interpretation, e.g. CBDT Circular, judgements, etc.
However reasons for revision is to be mentioned and reference should drawn stating it is revised in revised audit report.
CAclubindia
