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Statement in Form 3CB

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Can a Tax Audit Report Form 3CB includes the following statement?

Please guide.

"These financial statements are the responsibility of the firm. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion."

Replies (3)
Originally posted by : Shamita





Hey shamita jus clarify one thing. The firm in 1st line is CA firm of the entity audited is a firm















Can a Tax Audit Report Form 3CB includes the following statement?



Please guide.



"These financial statements are the responsibility of the firm. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the auditing standards generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion."

"Firm" means partnership firm, whose accounts are being audited.
 

yes they can appear wht's the problem in it?


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