Statutory Auditor’s Reporting Responsibilities in Respect of Depositing of Cess Pursuant to Clause 4(ix)(a) of the Companies (Auditor’s Report) Order, 2003and Section 227(3)(g) of the Companies Act, 1956

The Council of the Institute has decided to modify the auditor’s reporting responsibilities in respect of the cess payable by a company under section 441A of the Companies Act, 1956. Pursuant to this decision, paragraph 63(g) of the Statement on Companies (Auditor’s Report) Order, 2003 stands amended as follows:

“It may be noted that at present, no Rules relating to the amount of cess for rehabilitation or revival or protection of assets of sick industrial companies, payable by a company under section 441A of the Act have been notified by the Central Government. Thus, it would not be possible for the auditor to comment on the regularity or otherwise about the cess till the time relevant rules or regulations are issued.”

As a corollary to the Council’s views on auditor’s reporting responsibilities on cess under section 441A of the Companies Act, 1956, pursuant to clause 4(ix)(a) of CARO, 2003, the Council has also decided that the statuary auditor’s report need not contain any comment on section 227(3) (g) of the Companies Act, 1956.

The full text of the announcement containing aforesaid decision of the Council is available at 

Announcement                   Relating

to the Auditor’s Reporting

Responsibilities under clause

4(ix)(a) of Companies (Auditor’s

Report) order, 2003

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