The director's spend

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This discussion clarifies whether director's expenses, such as food and taxi fares, need to be included in a company audit report. While not strictly required for reporting, the company must account for funds transferred to the director. Reimbursement is permissible with sufficient supporting documents like taxi bills or receipts, even if they don't explicitly name the company or director.

bonnie

bonnie (Querist)

04 April 2020 the director go travel for company, he have some spend on food and taxi
and only give the bill and taxi bill, the bill did not return the company name and director's name, but the company had transferred the money to the director, is this need to be put into company audit report?

CA Suresh Jain

CA Suresh Jain (Expert)

05 April 2020 No, not required to be reported

bonnie

bonnie (Querist)

05 April 2020 but if i did not report the director spend, how did i report his money which transfer from company account to director account? and the director only give the bill not invoice

CA Suresh Jain

CA Suresh Jain (Expert)

13 April 2020 It is reimbursement of expenses to director which he has spent for the work of the Company, the bill issued by taxi company, or purchi by driver and bill of hotel are sufficient supporting

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