Q. Audit of accounts in absence of opening balances

Question

Statutory audit of a company was carried out for the year 2021-22 by a different auditor and the audit of accounts for the year 2022-23 was Carried out by a different audit firm.

Now, it is observed by the new auditor that opening balances of books of accounts of the company for year 2022-23 don’t tally with the audited financials of the co for the year 2021-22, and the co says that opening balances appearing in the books of accounts for the year 2022-23 are correct and there was some punching errors in the audited financials of the co for the year 2021-22.

In this case, how shud the above matter be reported by the management in the notes to accounts of the co for 22-23 and also how shud the same be reported by the new auditor in auditor report for the year 2022-23?