Statutory Audit
This query is : Resolved
Abhay Gujarathi
(Querist)
05 October 2010
Dear all,
we are the auditor of pvt. ltd co. from the last 2 years they have not audited their accounts,we have approch them but books are not ready, they have also not file Annual return..
Now wt as a auditor we have to do??? any liability arise on our part ?? Thanks..
we are the auditor of pvt. ltd co. from the last 2 years they have not audited their accounts,we have approch them but books are not ready, they have also not file Annual return..
Now wt as a auditor we have to do??? any liability arise on our part ?? Thanks..
CA Suraj Lakhotia
(Expert)
05 October 2010
Since when you are appointed as the auditors?
If you have accepted the appointment, then you should have issued a disclaimer of opinion in your audit report as audit could not be conducted by you.
Auditor is not liable if the company does not file Annual return.
If you have accepted the appointment, then you should have issued a disclaimer of opinion in your audit report as audit could not be conducted by you.
Auditor is not liable if the company does not file Annual return.
Abhay Gujarathi
(Querist)
05 October 2010
thanks Mr. Suraj...
3 years back..and we are continued as Auditor of the company sine then. and wt kind of liability arise if we fails to give the same???
3 years back..and we are continued as Auditor of the company sine then. and wt kind of liability arise if we fails to give the same???
Ajay Mishra
(Expert)
06 October 2010
Hi
As a good Corporate practice,you should sing only the current account audited by you and should sign on behalf of the company.
Regards
As a good Corporate practice,you should sing only the current account audited by you and should sign on behalf of the company.
Regards
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