if The management is ready to pay penalty with ROC for late filing, can audit report of 2007-08 be signed with date of audit report of 2011-12 ? e.g. Stautory audit report of financial year 2007-08 was not prepared yet . Now managment is provding approved accounts on the basis of which auditor gives his audit report on any date in 2011-12. Management of the company is ready to pay penalty for late filing with ROC. Is it possible to sign in the way mentioned as above.