Wrong report of CA firm on acount of an NGO

Jibanananda Goswami (Querist) 13 October 2009 This query is : Resolved
On April-24-2009, a CA firm certified an account statement of an NGO (running on Govt. Grant) of financial year 2008-09. The next release of money was also done on the basis of that utilization certificate. But now the same man who certified the account statement, wrote a letter and told that there was major lack of transparency in that account. The firm want to revise the account so they are asking the papers again.

What can be the impact of it on the organization and the CA firm?

[I saw a xerox copy of the letter but not the original. So I am not stating the names of the NGO and the firm. the letter is dated 16.06.09 but the NGO received it yesterday (12.10.09)]

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Raj Kumar Makkad (Expert) 14 October 2009
It is very serious matter. First of all send a legal notice to CA Firm stating clearly its earlier report and present letter and further that this act is nothing but a malafide intention to grab illegal money and thereafter seek withdrawal of his letter and if u fail then immediately send strongly written complaint to Institute of Chartered Accountants of India at New Delhi to cancel the license of that particular CA who is involved in such pressure tactics to fetch money by adopting illegal means. I hope that CA shall definitely come to you and shall do as per your requirement.

Sachin Bhatia (Expert) 14 October 2009
Go with the opinion of Mr. Raj

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