sa 560 and section 131 of COA 2013.

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will there be any change in sa 560 due to insertion of new section in companies act regarding to voluntary revision of fin statement?
will it effect definition or effect of subsequent events as per sa 560 ?

1 answer

Ravi Staff April 18, 2018

No it wont affect any part of SA 560, ICAI has not interpreted or presented anything like this.
yes if we take combined interpretation, after compliance with sec 130 & 131 then only revisions can take place and sa 560 can be applied 

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