Audit reporting requirements: mandatory annexure with prescribed financial particulars and business activity code now required. The amendment makes the Annexure to Form No.3CD mandatory, requires Forms 3CA and 3CB to reference and attach that Annexure, and obliges the signer to state that particulars in Form 3CD and the Annexure are true. The Annexure mandates identification details and a schedule of financial and business parameters for current and preceding years, and requires entry of an industry business activity code from a prescribed list; failure to complete the Annexure renders Form 3CD incomplete and both documents must be signed by the competent person.
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Audit reporting requirements: mandatory annexure with prescribed financial particulars and business activity code now required.
The amendment makes the Annexure to Form No.3CD mandatory, requires Forms 3CA and 3CB to reference and attach that Annexure, and obliges the signer to state that particulars in Form 3CD and the Annexure are true. The Annexure mandates identification details and a schedule of financial and business parameters for current and preceding years, and requires entry of an industry business activity code from a prescribed list; failure to complete the Annexure renders Form 3CD incomplete and both documents must be signed by the competent person.
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