rahul bansal asked 5 years ago
Sir in
1) sa 700 if there is a requirement of presentation of f/s in more than 1 sa , then whether auditor has to conduct audit twice for all the assertions and f/s. One as per indian sa and one as per some foreign country standards.?
2) same sa, if supplementary information is required by law then how management can add or remove this part of their own.?
Ravi Staff answered 5 years ago
i was travelling, so could not answer, queries will try to answer on daily basis
Ravi Staff answered 5 years ago
a) presentation in financial statement is required by FRF not as per SA, please redraft your query
b) supplementary information can be be as per law, now we will have to read law and see if it is mandatory in financial statement or any part of annual report, if its required to be given in financial statement then it is integral part we cannot separate it