Get The Right To Print Or Otherwise Make Available Copies Of The Documentation Is Limited To The Period

Rule 2-06 requires that accountants retain certain records relevant to an audit or review of an issuer's or registered investment company's financial statements for seven years.

Audit Completion Date means the date on which the Company and its Subsidiaries have completed its audit and have audited and unaudited financial statements as are necessary for the Company to meet its reporting obligations under rules and regulations promulgated by the Commission, including periodic reports, current ...

For issuers, the audit team must complete all audit documentation within 45 days from the date the audit report is issued. Prior to the audit report date, the audit team should have completed all of the key audit procedures to support their audit opinion.

Documentation completion date. The date, no later than 60 days following the report release date, on which the auditor has assem- bled for retention a complete and final set of documentation in an audit file.

Rule 2-06 requires that accountants retain certain records relevant to an audit or review of an issuer's or registered investment company's financial statements for seven years.

Documentation also includes records prepared by the entity's personnel . Retention period of audit engagements is no shorter than seven years from the date of the auditor's report. Unless otherwise stated audit documentation is the property of the auditor.

Once the auditors have completed their workpapers for a given client, they must retain that audit documentation for a certain period of time. The retention requirements of audit documentation are 5 years for nonissuers and 7 years for issuers.

You must file the tax audit report on or before the due date of filing the return of income. It is 31st October of the subsequent year in case the taxpayer has entered into an international transaction and 30th September of the subsequent year for other taxpayers.

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing tax audit reports for the assessment year (AY) 2024-25. The previous deadline of September 30, 2024, has now been pushed to October 7, 2024. This extension applies to assessees covered under section 139 of the Income Tax Act, 1961.