Audit turnover for F&O

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3 Points Posted on 16 September 2022
future and option ma audit ka turnover kay hota h
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On 16 September 2022 at 18:00 Report
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Quick Summary
This discussion clarifies the turnover calculation for Futures & Options (F&O) audits. It explains that turnover is derived from Profit + Loss, with Net Positions also needing to be included. A general benchmark of Rs. 10 Crores is mentioned as a common limit for audit considerations, especially given the prevalence of online transactions.

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CFO- at NHTF
58280 Points Posted on 16 September 2022
Profit + Loss , ( Net Positions should be added to arrive at turnover for F & O)
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On 16 September 2022 at 19:27
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SEO Sai Gr. Hosp.
212453 Points Posted on 16 September 2022

Generally,  Rs. 10 Crs. ...................                         

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On 16 September 2022 at 19:33
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CFO- at NHTF
58280 Points Posted on 17 September 2022
Since all transactions are online, you may consider 10 Crores limit for audit as said by above member
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On 17 September 2022 at 14:24

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