Depreciation
This query is : Resolved
29 April 2015
When the client has charged the full depreciation on fixed assets below rupees 5000, can such has to be reported in audit report for non compliance with schedule II of the companies act 2013, though it has been the new accounting policy of the company
29 April 2015
No issues. If it is the Accounting Policy of the company then same needs to be disclosed in notes to accounts.
30 April 2015
my doubt is that:
it is a departure from schedule II of the companies act 2013.
So it has to be qualified in audit report.
Please confirm.
it is a departure from schedule II of the companies act 2013.
So it has to be qualified in audit report.
Please confirm.
30 April 2015
If there is a disclosure in notes to accounts then there is no need to qualify the report.
01 May 2015
thank you for your suggestion
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