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Thirumalai Dasan K   18 November 2022

Residential welfare association financial statement

Dear Experts,


I am a founding member of the Residential Welfare Association in Chennai. The association was formed in 2015. After a year, I did not take part in the committee. 

FY 2021-22 financial statement, signed by a statutory auditor there were many errors and a big hole in the finance and written off of around 14L, without any discussion and / or intimation in any of the meetings. I issued a notice to convene a separate meeting / EGM  to discuss. Then they just reversed the written off amount and got the statutory auditor signature. To my knowledge, the same was corrected again and returns are not submitted to the registrar of societies yet.


I need an expert's opinion on (a) whether the statutory auditor can make changes after having signed and sealed. (b) If not, what actions can be initiated against the auditor and signatories of office bearers. Thanks and regards


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