Accountng standard 13 query

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ISHITA GHAI (Querist)
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05 December 2014 as a statutory auditor of a public ltd company how would you deal with the following

the comapny had subscrbed to shares of associate companes amountng to rs 5 crores.thes associate companies have incurred substantial loses and have been referred to BIFR for being declared as sick companies. The company does not want to make any provson to the fall in value of investments?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 December 2014 if the fall is permanent then needs to write off the value.........................

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