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Responsibilities of the management and GST auditor in GST audit

Goods and Services Tax - GST - By: - Sandeep Rawat - Dated:- 4-12-2018 - Appointment of the GST Auditors under section 35(5) and section 44(2) of the CGST Act read with Rule 80(3) of the CGST Rules [read with the corresponding provisions of the State / Union Territory Goods and Services Tax Acts] is to certify the Reconciliation Statement in GSTR 9-C prepared for the financial year ended 31st March 2018. In this context, clear responsibilities play a very important role to implement the bonafide .....

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aud or other irregularities. As part of the audit process, GST auditor will request from the Management written confirmation concerning representations made to him in connection with the audit. GST auditor Responsibilities Audit the particulars included in the GSTR 9C- ensure that they are free of any material mis-statement GST auditor s responsibility is to audit the particulars included in the GSTR 9C to ensure that they are free of any material mis-statement. Audit- auditing standards general .....

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procedures, the enterprise s internal control. This consideration will not be sufficient to enable him to provide assurance on internal control or to identify all reportable conditions. Persuasive rather than conclusive nature of audit evidence Having regard to the test nature of an audit, persuasive rather than conclusive nature of audit evidence, together with inherent limitations of any accounting and internal control system, there is an unavoidable risk that even some material misstatements, .....

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to the importance of Management s representations to an effective audit and review, the enterprise agrees liability and costs relating to the services under the letter attributable to any misrepresentations by Management. Management is responsible for providing him with all financial records and related information / documents on a timely basis, and its failure to do so may cause him to delay the report, modify the procedures, or even terminate the engagement. Working papers prepared in conjunc .....

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