Accountng standard 13 query
This query is : Resolved
ISHITA GHAI
(Querist)
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?
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?
05 December 2014
if the fall is permanent then needs to write off the value.........................
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