Can a tax audit be done when the client is not ready to provide sale/purchase and expenses bills. They will only provide Day Book and Ledger for the audit purpose only.
Ankit CA and CS
(Manager - Accounts)
(204 Points)
Replied 21 June 2010
No, then u cannot issue tax audit report..limitation on ur scope...
Amir
(Learner)
(4016 Points)
Replied 21 June 2010
Hi,
Interesting question.
I want to know the reason why client is not ready to provide bills, etc
I dont think any auditor will be in a position to certify the requirements of tax audit in the absence of verification of bills, etc
Naina
(CA Student)
(477 Points)
Replied 21 June 2010
| Originally posted by : Amir | ||
 |
Hi, Interesting question. I want to know the reason why client is not ready to provide bills, etc I dont think any auditor will be in a position to certify the requirements of tax audit in the absence of verification of bills, etc |
 |
The client is saying that their previous auditor never asked for the bills.
Amir
(Learner)
(4016 Points)
Replied 21 June 2010
Oh great...!
How innocent that client is............:)
Jokes apart, just make ur client understand that it is necessary & without it the report can not be issued....
My advice will be to make ur boss/partner talk to him once....
Naina
(CA Student)
(477 Points)
Replied 21 June 2010
Thanks Amir Sir.
Some clients also come in our office for certification of Provisional Trading, P& L A/c and Balance Sheet as on 31st March. They need that to provide to their bankers. Should a CA certifies these.
Amir
(Learner)
(4016 Points)
Replied 21 June 2010
Yes it can be done subject to the following -
1) Guidance Note on "Audit Reports & Certificates for special purpose"
2) SA 3400 (AAS-35) - EXAMINATION OF PROSPECTIVE FINANCIAL INFORMATION
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
