Question

Format of Accounting report under companies act and Gst act and audit report under gst law.

Answer 1

A. Format of Accounting Report

INDEPENDENT AUDITOR’S REPORT

To the Members of ABC Company Limited

Report on the Audit of the Consolidated Financial Statements

Opinion

Here Auditor give his opinion on the company they audited. About True and fair value or quailified and unquailfied opinion

Basis of Opinion

Here Auditor explain the basisi of Opinion he made

Key Audit Matter

here Auditor mentionthe Key Audit Matters

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

Here Auditor mention the responsibility of management

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Other Matter

Report on Other Legal and Regulatory Requirements

Place of Signature

For XYZ

Date

Charted accountants/CPA

(Firm Reg No)

Sign

(Name of the Member)

Membership No

B

GST Audit Report

1. - I/We report that the audit for the period ended ……. of ………………(Name and Address of the registered person) having GSTIN ………………. was conducted by me / us M/s. …………………. (Name and address of Chartered Accountants / Cost Accountant) under Section 35 (5) and Section 44 (2) of the Central / State (Name the State or Union Territory) Goods and Services Tax Act, 2017 read with Rule 80 of the Central / State (Name the State or Union Territory) Goods and Services Tax Rules, 2017.

2. - Maintenance of the books of account, records under the GST laws and the financial statements are the responsibility of the registered person. My / Our responsibility is to express a view on the correctness, completeness and accuracy of the returns filed by the registered person based on my / our audit conducted in accordance with the provisions of Section 35 (5) and Sectio ekkarill92 Next > < Previous Related Solutions Businesses may report incorrect amounts of GST if their accounting systems for capturing and recording GST... Businesses may report incorrect amounts of GST if their accounting systems for capturing and recording GST information fail. Explain four reasons why an accounting information system may fail to correctly deal with GST taxable transactions.(Explain the key features of financial legislation relating to taxable transactions and reporting requirements). Discuss the need for the audit report. Explain why and how the format of the audit... 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