Revision of Audited Financial Statement

Dear Members,

if there is gross negligence by previous auditor in Financials statement, can it be revised?

Thanks!
Replies (6)
Quick Summary
This discussion explores whether audited financial statements can be revised, particularly for FY 2018-19, if gross negligence by the previous auditor is suspected. While revisions are generally discouraged and require specific conditions, including the original auditor's involvement, the feasibility and potential scrutiny for a 2018-19 revision are debated.

Which year 19-20
then it can revised with proper reason for revision
This is for FY 2018-19
For fy 18-19 last date for revision is was 30.11.2020
Then you can't
even you did with permission might be chance of scrutiny
just talk to your AO
Revising of accounts require to be avoided to possible extent. Auditor normally do not ok revision. Revision of accounts can be done by Auditor who signed.
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