Provision needed for interim audit

This query is : Resolved

Report Abuse Follow Query Ask a Query

Arun Rajan

Arun Rajan (Querist)
Follow

18 June 2016 Is there any need to provide provision for interim audit alo g with statutory and tax adit fee ??

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

19 June 2016 Provision need to be created only at the year end.

CA Amrita Chattopadhyay

CA Amrita Chattopadhyay (Expert)
Follow

20 June 2016 The provision depends on the book closing process. If the books are closed quarterly, the same has to be created. If they are closed annually then it is not as the year end books are closed and the annual audit takes place and interim audit does not happen