21 January 2015
Hello!! I have doubt for subject matter,
1) can non-corporate who are not liable for audit under any income tax section like 44AB/AD/AE etc.. want to go for voluntary audit for any reason like self satisfaction to give to any institute etc..
Then how to give audit report, as there is no audit under income tax so 3CB or 3CD forms are not applicable so in which form or format it is to be given??
21 January 2015
As per SA 700 705 706 I.e. like we give for any company except that additional reporting as per companies act is not required. Financial reporting framework is accounting standards issued by ICAI.
21 January 2015
Form 3CA and 3CD are not applicable. Report should be as per the standards on auditing mentioned above. Other standards on auditing should also be followed for the planning and performance of the audit.
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