HELLO EVERYONE
IS IT NECESSARY TO INCLUDE ANY KEY AUDIT MATTER IN THE AUDITOR REPORT WHICH IS NEW FORMAT FOR 2019.
IN CASE OF SMALL PRIVATE COMPANIES (SAY 1 LAKH CAPITAL AND 3 LAKHS TURNOVER ), AUDITORS HAVE NOTHING TO SAY MUCH ABOUT AUDIT
KINDLY ADVISE
Dear Sir,
A PVT coy appointed a proprietor auditor for 5 year, now the auditor has joined as partner in a partnership audit firm.
What will be procedure for such change in status of the auditor appointed.
Even if the status changes to partnership firm, he will be the partner to sign on behalf of the partnership for this company.
Kindly guide. As there is no resignation. proprietary auditor cease to be hold of office on change of status from proprietary to partnership firm, isn't it? there is change of pan to be registered for statutory auditor in mca.
Ours is a private company having paid up share capital of 30 crore and no borrowing . An individual was appointed as auditor for 8 years which she will continue up to 31st December 2019. But in this October our paid up share capital will increase up to 66 core and the retire by rotation provision will apply.
My query is -Whether the auditor can sign the balance sheet for this financial year or she is to resign after the capital increase.
Members,Please give ur valuable suggestions
ear sir, If the company incorporation date is 23rd March 2018,then company appointed the first auditor as on 2nd January 2019(since the cop of auditor effect from 31st December 2018) whether it is is valid appointment or not? If yes,is there any late fee for company for late appointment?
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appointment
auditor
first
companies
Dear Member,
In a private company, the auditor resigned on 20/09/2019 and new auditor is appointed for casual vacancy created due to resignation. Audit for the Financial year 2018-19 has been done by new auditor. Now, my question is do we need to appoint new auditor twice:
1. 1 years: from 2018-19
2. 5 years: from 2019-24
appointment
auditor
Dear Members,
In section 139, sub-section (2), rotation of auditor, whether the borrowings from bank, etc of 50 crores or more can be fund based or non-fund based ?
auditor
139rotation
section
An auditor who was appointed for a term of 5 years for fys 2013-14 till 2018-19, due to dispute with management did not complete audit of accounts for last two fys. As the term of office of auditor ended at this AGM, held on 30th September, 2019, the company has appointed a new auditor for 5 years beginning fy 2019-20 till fy 2023-24. Now, the question is who shall do the audit for the pending previous 2 fys ? And in case new auditor does, how will the ADT 1 be filed in respect of those fys? Please share your views. Thank you.
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auditor
Dear All,
As per companies audit and auditors rules, 2014
rules no 5. class of companies in which point no (c) whether its covered only secured borrowing or both secured and unsecured borrowing??
auditors
appointment
regarding
Dear all,
Please help me with the procedure for removal of auditors and also all the documents required.
Thanks in advance.
Regards
Garima Goel
Dear all,
Please guide companies auditor has denied for financials and hasn't audited also. We auditors have been appointed on 1st October, Can company file gnl-1 after due date of AGM i.e. 30.09.2019 and what can be the procedure if we can file form.
Regards
Garima Goel
Hello Members
Directors have approved the draft financial statement in board meeting dated 03.09.2019. I have filed MGT 14 accordingly as it's a public limited company.
Director is saying that the date of generating UDIN is 05.09.2019.
Can we put 2 dates on the balance sheet, one is signed on date by director and second is signed by the auditor of the company.
In short, can we put 2 dates 03.09.2019 and 05.09.2019 in the balance sheet and profit and loss account (financial statements).
In independent auditor report can we put the date 05.09.2019 only?
Hello,
One of the auditor was appointed till 31.03.2020 in a company. When he checked on filing ACTIVE the name of the auditor has been changed. When he talk to the client they said they have changed the director. Now auditor have to file ADT-3 but the penalty comes around 5k without any legal fault. What is the remedy and why it has happened. As auditor does not have any information regarding his removal. And how can ADT-1 for appointment has been filed?
Please Help asap.
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