Page 273 - CA Inter Audit PARAM

CA Ravi Taori
• examining that the financial statements of the entity comply with the
requirements of the relevant statutes;
• Presentation and disclosure of the financial statements as required by the
applicable financial reporting framework;
• Ensuring that the audit report complies with the requirements of the relevant
statutes, the applicable Standards on Auditing and the other relevant
pronouncements issued by ICAI.

Coordination
Where, in the course of the audit, a joint auditor comes across matters which are relevant
to the areas of responsibility of other joint auditors and which deserve their attention, or
which require disclosure or require discussion with, or application of judgment by other
joint auditors, the said joint auditor shall communicate the same to all the other joint
auditors in writing prior to the completion of the audit.

Reporting
The joint auditors are required to issue common audit report, however, where the joint
auditors are in disagreement with regard to the opinion or any matters to be covered by
the audit report, they shall express their opinion in a separate audit report.

A joint auditor is not bound by the views of the majority of the joint auditors regarding
the opinion or matters to be covered in the audit report and shall express opinion formed
by the said joint auditor in separate audit report in case of disagreement. In such
circumstances, the audit report(s) issued by the joint auditor(s) shall make a reference to

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