Ashish PatelAshish Patel asked 2 years ago
2 Answers
RaviRavi Staff answered 2 years ago

Investment ka last time, some times company invest money in partnership firms, trust or other type of companies, but as per AS or Law it is not required to included their balance sheet in consolidated financial statements of group, so auditor should take good understanding of such investments, to understand whether longterm / short term risky not risky etc

RaviRavi Staff answered 2 years ago

in financial points they are explaining understand existing subsidiaries which are consolidated, off balance sheet financing meas (eg giving loan name of lease etc) , derivative instruments are financial instruments which are risky

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