Can anybody give the answer for this statement for 2 marks
This query is : Resolved
06 August 2010
iv) Auditor of Holding Company and its Subsidiaries is always the same.
and
v) 100% vouching ensures 100% effectiveness as regards to verification.
and
v) 100% vouching ensures 100% effectiveness as regards to verification.
06 August 2010
1. Auditor of Holding Company and its Subsidiaries companies can be different.
2. Mostly everywhere test check vouching is done as it is not feasible to vouch 100% of vouchers everywhere.
2. Mostly everywhere test check vouching is done as it is not feasible to vouch 100% of vouchers everywhere.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Supply through E-commerce Operators
- Sales amount in Gstr1
- TDS Claim year
- Rent lease agreement
- Relief u/s Section 89
- TDS Challan Code
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
