Last yr record nt found on wht basis curnt yr audit tobe dne

This query is : Resolved

Manish agarwal (Querist)
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08 June 2012 Respected Sir,

There are a trust & The lastly audit done for fy-2007-08 by another CA Firm. for fy 2011-12 the trust audit to be done by us.

The accounting records for Fy-2008-09 to 2010-11 are missing & the client is saying that no records found.

Q1. There is any guidelines for above mentioned problem? then please give me this guidelines copy for reference .

Q2. How opening Balance to be Carry Forward.

Q3. How to resolve this problem.

Amol S Joglekar

Amol S Joglekar (Expert)
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08 June 2012 No guide line as such. Take a management letter stating all the facts of the case... including opening balances. In your audit report qualify this point.

CA Hardik Bunha

CA Hardik Bunha (Expert)
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08 June 2012 You have to make demand for audit report to previous CA. If previous CA refuses or not provide report then he will be eligible for PROFESSIONAL MISCONDUCT.

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