Himanshu JainHimanshu Jain asked 7 months ago

In some questions, ICAI mentions Clause 2 & 8 of Part I of Second Schedule together, sometimes it mentions only 1 and sometimes mentions Clause 7 also. How to identify of Mention all three in such case

1 Answers
RaviRavi Staff answered 7 months ago

Whenever case says that CA has not done audit properly, not collected information in “Particular Area” cash , inventory etc or Specific Certification work  apply clause (8) and then give note that clause (7) & clause (2) can also be applied and then give their details
if there is overall lack of information apply clause (7) and Clause (2) both

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