Going Concern in first year of operations
This query is : Resolved
Santosh Katre
(Querist)
07 October 2024
My client has started a company. The company has first year of operations.
Net worth is eroded due to depreciation and Interest on term loan.
how to deal with such case in Audit report?
Thanks
Net worth is eroded due to depreciation and Interest on term loan.
how to deal with such case in Audit report?
Thanks
CA R SEETHARAMAN
(Expert)
09 October 2024
No need for any qualification in the audit report.
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