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ABHIMANU GARGABHIMANU GARG asked 2 years ago

A company appointed an expert to assess gratuity liability of the co. Based on said report, company provide 80 lacs amount as gratutity in the financial statements. Sir this is the case of SA 500 or SA 620 ?

1 Answers
RaviRavi Staff answered 2 years ago

As company appointed expert then SA 500 will be applicable as 
SA 500 — for evaluating work on management expert
SA 620 — for evaluating work of auditor’s expert
PM has mistake in this regard

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