QuestionsCategory: QuestionsCertain weak ness in the internal control procedure in the payment of wages in large construction company now my question is can I refer 143( 3)along with sa 265. Please tell sir
Utsav KumarUtsav Kumar asked 6 years ago
3 Answers
RaviRavi Staff answered 6 years ago

Where there is weakness in internal control system we report management & tcwg as per SA 265, if it is also weakness in internal financial control over financial reporting then you can refer reporting under sec 143(3)(i) also

Utsav KumarUtsav Kumar answered 6 years ago

Whether Weak ness in internal control of wages payment considered weak ness of financial internal control? 

RaviRavi Staff answered 6 years ago

yes