Amendment in Format of the Auditors Report of A Company

Discussion in 'Chartered Accountant' started by Raju Choudhary, Sep 5, 2015.

  1. Raju Choudhary

    Raju Choudhary Active Member Staff Member

    Amendment in Format of the Auditor’s Report of A Company. Consequential Amendment to the Format of the Auditor’s Report of A Company

    The Auditing and Assurance Standards Board had, in December 2014, issued illustrative formats of the auditor’s report on financial statements of a company under the Companies Act, 2013. While reporting on the requirements of CARO, 2015, a reference thereto also needs be added in the main audit report under the “Report on Legal and Other Regulatory Matters” paragraph as follows:

    “Report on Other Legal and Regulatory Requirements

    As required by the Companies (Auditor’s Report) Order, 2015 (“the Order”), issued by the Central Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the Annexure a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

    As required by section 143 (3) of the Act, we report that:
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    The aforesaid illustrative formats of the auditor’s report, accordingly, stand amended to that extent
     
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