audit


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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

Avatar

Querist : Anonymous

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

Avatar

Querist : Anonymous

Profile Image
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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details