Qualification in auditors report
This query is : Resolved
13 July 2013
A report was qualified for FY 2011.12 of a Pvt. Ltd. Co. for showing excess income and consequntly showing excess receivables as on 31.3.12. For FY 2012.13 is qualification necessary if receivables are continued with excess balance as on 31.3.2013?
13 July 2013
yes infact it should be highlighted in bold that this is repeated even last year it was reported and matter is serious and shareholders should be immedieatly informed.
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