I am searching for an audit report for Liaison office in India, But I can't find any format for it. I need some information about how I prepare the report.
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Liasion office Audit report
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The audit report for a Liaison Office in India is specialized. It doesn't report on profit or loss, but rather verifies a Receipts and Payments Account to prove that the office was entirely funded by its foreign parent entity and engaged only in non-commercial communication activities. This report is a mandatory attachment to the Annual Activity Certificate (AAC) submitted to the RBI and Income Tax department every year.
The audit report for a Liaison Office in India is specialized. It doesn't report on profit or loss, but rather verifies a Receipts and Payments Account to prove that the office was entirely funded by its foreign parent entity and engaged only in non-commercial communication activities. This report is a mandatory attachment to the Annual Activity Certificate (AAC) submitted to the RBI and Income Tax department every year.
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