Abhishek PanegalAbhishek Panegal asked 2 months ago

Dear Sir,
In this question can we assume the govt co. to be a newly incorporated ? by giving assumption note?

1 Answers
RaviRavi Staff answered 2 months ago

they have not clarified, whether it is first auditor or subsequent auditor.  practically subsequent auditor cases are much more than first auditor (it is once in life time affair for company) so we should assume it is subsequent auditor if question is silent and solve accordingly. ICAI did the same they amused subsequent auditor, you can write assumption.No need to take different assumption.

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