31 January 2008
i mean is it possible for a chaitable society to get its last ten years books of accounts audited with the auditor signing in todays date? (the society has not claimed exemption under section 11 & 12)
31 January 2008
WE NEED TO CHECK THE bye laws OF THE SOCIETY IF THEY HAVE ANY SAY ON THIS MATTER AND ALSO PL. CHECK THE ACT UNDER WHICH THE SOCIETY IS REGISTERED WHERE OF THE AUDITED ACCOUNTS HAVE TO BE CIRCULATED TO MEMBERS AFTER AUDIT EVERY YEAR. IF BOTH THE ABOVE ISSUES ARE RESOLVED, YOU NEED TO TO SATISFY THE MEMBERS OF THE SOCIETY ABOUT THE REAL REASONS FOR SUCH A DELAY. THEN OFCOURSE THE AUDITED ACCOUNTS MAY BE SIGNED AFTER THE AUDITOR ALSO SATISFY HIMSELF ABOUT THE GENUINELNESS OF THE DELAY. BUT THEN THE AUDITOR IN HIS REPORT TO MEMBERS NEEDS TO GIVE REASONS ALSO FOR THE DELAY, BESIDES THE MANAGING COMMITTEE ALSO NEED TO RECORD THE REASONS FOR THE DELAY AND GET ACCOUNTS APPROVED BY THE SHAREHOLDERS OR MEMBERS AS THE CASE MAY BE. IF THE AUDITED ACCOUNTS HAVE TO BE SENT TO REGISRTRAR OF SOCIETIRES ( IF REGISTERED),AND IF HE IS NOT SATISFIED WITH REASONS FOR DELAY, ANY SOCIETY REGISTRATION MAY BE CANCELLED . R.V.RAO
CAclubindia
