PM Jan 17 edition chapter 8 question 4(b)


Sir mere show cause notice doesnt amounts to  non payment of statutory dues to govt right?i am not understanding the ans provided by icai.pls explain in short sir.pls.

1 answer

Audit Staff June 19, 2018

First, explain show cause notice does not mean it is a dispute so CARO 2016, Clause 7 dispute related reporting is not required
Then explain SA 250 that it appears that there may be non-compliance so explain what to do if there is non-compliance
Third also explain AS 29 implications.


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