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Partnership firm facing fraudulent from other partner
09-Jul-2023 (In Corporate Law)
Hi, My husband is into travels business with partnership two partners with equal rights 50/50 where we are facing issue with that partner he is doing all fraud activities in business, where he himself went and finished last year audit with out my husband involvement in that and forcefully took signature from my husband, he is handling complete account details of our travels and he is not sharing any information with my husband.is it possible to re-audit previous year audit please do help me I'm very much worried please help me
Firstly yes, re-auditing previous year's audited books is possible. There are certain ways through which re-auditing can be done. Before that, there should be enough proof that the other partner is into fraudulent activities and the reasons you have doubts about the earlier audit. The CA Act widely provides for misconduct in both first and second schedule.
A letter to Ministry of Commerce detailing the wrongly conducted Audit and other Accounts. Then a Letter to ICAI that the other party or your CA has been doing professional misconduct. Since it is not a company,
Companies Act 2013 will not come into play.
Alongside you can take an order from court that, a copy of all books be given. Taking this order will be safer.
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Adv. Nachiketh Konapur
Bangalore / Bengaluru | 25+ Answers
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