29 October 2013
If company has large cash on hand 80,00,000 but management is ready to give Mgmt Representation then what other precautions to be taken in statutory audit by auditor ?
29 October 2013
if you are not comfortable with quantum of cash in hand, then it is advisable that you ask the client to provide a complete flow of cash in hand from the date of reporting ie 31 March to the date of verification.