M , statutory Auditors of ABC Ltd. wants to verify cash on hand as on 31 march 2014.
The management informs Mr. M that it is not possible to co - operate , as cashier has been hospitalized.
ADVICE MR. M , HOW TO DEAL WITH SITUATION.
Reconcile cash balance with ledgers from 31st March to till date and see whether it is matching or not.
Also obtain a Managment Representation Letter station cash balance as on 31st March.
Yes, he can qualify his report with respect to cash balances
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