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
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:
......................
...................................."
The aforesaid illustrative formats of the auditor’s report, accordingly, stand amended to that extent