sir apne apni notes me ek sentence h kya apn iska matlub bata sakte h….., according to the information and explanation given to us, the company has entered in to non cash transactions with one of the directors/person connected with the director during the year, by the acqustion of assets by assuming directly related liabilities, which in our opinion is covered under the provision of section 192 of Act, and for which approval has not yet been obtained in general meeting of the company.
ANSWERED Ravi answered about 1 hour ago
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 Last year Auditor gives unmodified opinion in FST of C Ltd. But C Ltd. Is of view that last year Auditor is not conducted Audit properly therefore in current year C Ltd. Appoint Current year Auditor to present comparative FST. Current year Auditor found that C Ltd. has undercharged the wages of RS. 10 lakhs during the last year result in overstatement of profits. What are the further procedure by current year Auditor…… In this case it should be treated as misstatement of last year and found in current year to Misstatement wale me Jo reporting method Diya hua hai wahi explain karna chahiye that if resolve then clean + emp otherwise qualify as per respective approach….. But answer me normal procedure likha hua hai???
ANSWERED Ravi answered 3 hours ago    Category:
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 The Company has been unable to re-negotiate and obtain replacement findings. This Situation indicates the existence of material uncertainty in going concern, the company is not able to realize asset and discharge liabilities in ordinary course of business. FST don't disclose it. Then identify type of opinion…… In this case auditor know that going concern is inappropriate and management is still not disclose it so adverse opinion Dena chahiye but qualified opinion diya hai…. Why
ANSWERED Ravi answered 3 hours ago    Category:
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