Manual entry
This query is : Resolved
Prakash kumar
(Querist)
23 August 2015
dear sir , we are giving our pvt. ltd. co. A/c for audit(2014-15) but due to no cash exps maintained for April to December by old accountant ,new accountant manually take entry of cash exps (in accumulate basis) and give books of a/c for audit . will there be any issues if they do so ?
Amol S Joglekar
(Expert)
23 August 2015
"Materiality" is a major concern of AUDIT.
How much is the magnitude of such expenses? The auditor used his/her judgement and accordingly proceed. There is no any MATHEMATICAL answer to this. It is matter of judgement of the AUDDITOR
How much is the magnitude of such expenses? The auditor used his/her judgement and accordingly proceed. There is no any MATHEMATICAL answer to this. It is matter of judgement of the AUDDITOR
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