Auditaudit Staff asked 4 years ago
1 Answers
Adminadmin answered 4 years ago

hello abhishek, if sebi has asked for revision opinion is we should take revised figure, further if auditor has qualified audit report then we don’t revise financial statements. if as per sebi– take revised if as per auditor– continue with as per financial statements Just like we ignore profits of foreign branch ignore expenses and losses. if losses / expenses were deducted add it back to profits, if not yet adjusted don’t do any thing.

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