Posted By : Aman / Published on : 27-Dec-2018 07:01 AM / View : 178 / Comment : 1
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    A private company has been incorporated in February 2017. So FY for it is 21/02/2017-31/03/2018.But the issue is first auditor has filed ADT- 1 giving FY for audit as 21/02/17-31/03/18.Can he do the audit for actual FY.Irrespective of wrong ADT-1.

    Kindly guide me?
    Read more on : auditor

    • Dear Aman,

      The First Financial Year will close on 31/03/2018 only.

      Refer to Section 2(41).

      27-12-2018 / 01:05:02 PM

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