CLARIFICATION OF DIRECTORS
This query is : Resolved
20 August 2008
MY COMPANY IS COMPANY IS NOT FOLLOWING AS-15. OUR AUDITOR QUALIFED REPORT ON AS 15.
NOW OUR COMPANY IS GOING WITH ANY INSURANCE COMAPNY. THIS IS UNDER PROCESS. I WANT A GOOD WRITTEN PARAGRAPH AS CLARIFICATION OF DIRECTOR. SPECIALLY ON GRATUITY AND LEAVE ENCASHMENT.
PLEASE HELP ME OUT.
MY EMAIL ID : rakes2004@gmail.com
NOW OUR COMPANY IS GOING WITH ANY INSURANCE COMAPNY. THIS IS UNDER PROCESS. I WANT A GOOD WRITTEN PARAGRAPH AS CLARIFICATION OF DIRECTOR. SPECIALLY ON GRATUITY AND LEAVE ENCASHMENT.
PLEASE HELP ME OUT.
MY EMAIL ID : rakes2004@gmail.com
20 August 2008
Without knowing what are the wordings of the qualification how is it possible to write a reply?
20 August 2008
Wording of Auditors :-
In our opinion, the Balance Sheet and Profit and Loss Account and the Cash flow dealt with by this report comply with the accounting standards referred to in Sub-Section (3C) of Section 211 of the Companies Act 1956 subject to non provision for Gratuity as per Note No. 13 in Schedule “S” which is not in accordance with the Accounting Standard – 15 on ‘Retirement benefits’.
In our opinion, the Balance Sheet and Profit and Loss Account and the Cash flow dealt with by this report comply with the accounting standards referred to in Sub-Section (3C) of Section 211 of the Companies Act 1956 subject to non provision for Gratuity as per Note No. 13 in Schedule “S” which is not in accordance with the Accounting Standard – 15 on ‘Retirement benefits’.
20 August 2008
In our opinion, the Balance Sheet and Profit and Loss Account and the Cash flow dealt with by this report comply with the accounting standards referred to in Sub-Section (3C) of Section 211 of the Companies Act 1956 subject to non provision for Gratuity as per Note No. 13 in Schedule “S” which is not in accordance with the Accounting Standard – 15 on ‘Retirement benefits’.
20 August 2008
Wording of Auditors :-
In our opinion, the Balance Sheet and Profit and Loss Account and the Cash flow dealt with by this report comply with the accounting standards referred to in Sub-Section (3C) of Section 211 of the Companies Act 1956 subject to non provision for Gratuity as per Note No. 13 in Schedule “S” which is not in accordance with the Accounting Standard – 15 on ‘Retirement benefits’.
In our opinion, the Balance Sheet and Profit and Loss Account and the Cash flow dealt with by this report comply with the accounting standards referred to in Sub-Section (3C) of Section 211 of the Companies Act 1956 subject to non provision for Gratuity as per Note No. 13 in Schedule “S” which is not in accordance with the Accounting Standard – 15 on ‘Retirement benefits’.
20 August 2008
Directors on their report has to reply to the qualification of the auditor's
he can mention the reason for non following the specified provisions and justify his cause
he can mention the reason for non following the specified provisions and justify his cause
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- SFT Cash Deposit in Current Account
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Requirement of tax deduction at source by individual
- Cash gift by grand mother to her grand daughter
- 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
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
