Corporate Law
This query is : Resolved
13 July 2010
I need to clarify one doubt i.e.
If a Pvt Ltd was audited by one auditor. But he has completed only Income tax compliance only.He has not given the Auditor's Report under the company's Act1956 & also he has not audited as per Comapnies Act and his Presentation was also differs from actual format recommended by the Act.In this situation another one auditor is come to audit.The company requested to make necessay adjusment in the past years and continue with the corrected figure.
Is it allowable under Companies act 1956?
Is there any provision available to reaudit the company which was not properly audited by the previous auditor?
S.Jegadeesan
If a Pvt Ltd was audited by one auditor. But he has completed only Income tax compliance only.He has not given the Auditor's Report under the company's Act1956 & also he has not audited as per Comapnies Act and his Presentation was also differs from actual format recommended by the Act.In this situation another one auditor is come to audit.The company requested to make necessay adjusment in the past years and continue with the corrected figure.
Is it allowable under Companies act 1956?
Is there any provision available to reaudit the company which was not properly audited by the previous auditor?
S.Jegadeesan
14 July 2010
What you will have to see is the appointment of the auditor under the companies act. If there is no auditor appointed , then you can do the audit though some other CA has done tax audit which is under IT act.
siva208@yahoo.com
siva208@yahoo.com
14 July 2010
Thanks for your reply.
S.jegadeesan
S.jegadeesan
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