Disclosure on internal financial control

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SUSHIL KUMAR SHARMA (Querist)

08 July 2015 Dear Experts,

Whether a private limited company required to make a disclosure on Internal Financial Control mandatorily.?

Thanks & Regards

CS Mitesh Mehta

CS Mitesh Mehta (Expert)

08 July 2015 Reporting on Internal Financial Control u/s 143 (3) (i) of the Companies Act, 2013 has been deferred for one year i.e., up to 31.03.2015. The auditor shall report on the existence of adequate internal financial control and its operational effectiveness for the financial years on or after 01.04.2015.The auditor may voluntarily report for the year from 01.04.2014 to 31.03.2015

SUSHIL KUMAR SHARMA

SUSHIL KUMAR SHARMA (Querist)

18 September 2015 Dear Sir,

Thanks for your reply but my query was:-

Whether a private company mandatorily requires to make disclosure regarding adequecy of Internal Financial Control in its Board's Report?

Please provide your valuable reply in the matter at the earliest and oblige.

Thanking You,

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