Confirmation of Debtors/Creditors
This query is : Resolved
Nitin Lakhmani
(Querist)
12 June 2010
Who is responsible for balance confirmation of debtors/creditors as on 31st March?
If auditor where has to show??
If management is responsible & they have not done same then auditor reqiures to give notes/qualification?
If auditor where has to show??
If management is responsible & they have not done same then auditor reqiures to give notes/qualification?
CMA Ramesh Krishnan
(Expert)
12 June 2010
It is Management responsibility to get confirmed and produce to auditor. If not done same need to qualify in the Audit report
Nitin Lakhmani
(Querist)
15 June 2010
Thank you verymuch sir.
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