I have seen and observed by me that The Audit Report does not say , impliedly in Tax Audit they play differently!!!
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It bis a fact that it is said that it does not contain and part of Balance Sheet which is normally sent to shareholders.
I think and believe that Tax Audit Report is a part of the Balance Sheet Circulated to Shareholders and if it is seen by shareholders they may find the concealed information which is being played by Auditors and the Companies.
Tightening the reporting would not serve the purpose. See the Case of Satyam???!!! There is a tight reporting norms even then it was uncovered for years together.!!!???
Hah Ha Ha///!!! Nothing more.
Hah Ha Ha///!!! Nothing more.
20
Sh years had been passed no action??? Lubbock V British Bank of South America and some more cases????? Even Judiciary is silent !!!!
They are managed by ........\
Shah D J
On Saturday, 11 April 2015 11:40 AM, "Ramachandran Mahadevan ramachandran.mahadevan@gmail.com [ICAI_CIRC_MEERUT_CA]" <ICAI_CIRC_MEERUT_CA@yahoogroups.com> wrote:
http://profit.ndtv.com/news/corporates/article-to-check-frauds-governmentt-tightens-reporting-norms-for-auditors-753972
Sent from my iPad
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Posted by: Dipak Shah <djshah1944@yahoo.com>
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