Re approval of financial statements by the board

This query is : Resolved

Umesh Abhyankar (Querist)
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12 June 2012 After the approval of the accounts by the Board but before sign off by the statutory auditors, certain significant errors are noticed and the company wants to revise the accounts. Whether the Board can reapprove the revised accounts, whcih have already been approved?

Thanks

CA Umesh Abhyanakar

CA Hardik Bunha

CA Hardik Bunha (Expert)
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12 June 2012 yes as per provision board ca re-approve the revised accounts.

statutory auditor has to verify revised accounts and made opinion therefrom.

if statutory auditor want to give separate report for revised accounts then he can give it by supporting original report.