QuestionsCategory: CAROSir, in PM Q3 & Q4 of ch 8 same clause is applicable but ans. given in pm is different as they have give reference to SA250 which is also fine but the way they refer SA250 in both ans. is different so please explain.
HarryHarry asked 6 years ago
1 Answers
RaviRavi Staff answered 6 years ago

First of all whenever there is non payment of statutory dues, apply SA 250 also. Content in Q4 is much better that content in Q3. In Q4 they explain what auditor should do if there is non compliance and effect is material, so use it as standard content whenever you observe non compliance of law by company while preparing financial statement.