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June 2024

From Published Accounts

By Himanshu Kishnadwala, Chartered Accountant
Reading Time 5 mins

Compilers’ Note

As per the amendments to the Companies Act, 2013 and Rules thereto, for Financial Years commencing on or after 1st April, 2023, i.e., audit reports issued for FY 2023–24, the auditor needs to report on whether the accounting software used by a company has a feature of recording audit trail (edit log) facility and whether the same has been operated throughout the year and it has not been tampered. To assist auditors on this new reporting requirement, ICAI has, in February 2024, issued an Implementation Guide on Reporting on Audit Trail under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (Revised 2024) Edition.

Given below is an instance of modified reporting on the above.

TCS Ltd – 31st March 2024

From Auditors’ Report on Consolidated Financial Statements

Report on Other Legal and Regulatory Requirements

1 …

2A) As required by Section 143(3) of the Act, we report, to the extent applicable, that:

a) …

b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial st

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