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Revision of Accounts post signing of audit report

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 November 2009 The audited accounts of a company have been adopted in their AGM. But due to an error a rectification is required. Is it possible to revise the accounts for the relevant financial year or do we ahve to make a prior period adjustment in the next financial year.
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CA SANJAY MUKHERJEE

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CA SANJAY MUKHERJEE (Expert)
05 November 2009 It should be shown as prior period adjustments next year.
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Ankur Garg

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Ankur Garg (Expert)
05 November 2009 Agree

For f.y. 2008-09 accounts have already been adopted in the AGM. you can not change them now.
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