audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2010 experts,
If a company has taken CC/WC loan from bank,
1. Is any audit report is to be submitted by the co. to the bank?
2. Is any audit carried out by a CA b4 submitting the report to the bank?
3. If yes, what areas are covered in this audit?

pls reply asap.

thanks

20 December 2010 1. yes
2. no.if not required by bank
3. as required by bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2010 Usually which areas are checked by the auditor before giving his report wrt loan from bank?

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2010 Usually which areas are checked by the auditor before giving his report wrt loan from bank?

21 December 2010 Bank may ask for stock or receivable audit on quarterly basis, else no audir is required.


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