Dear All,
I need to issue the certificate on foreign currency exposure to my client.(Form Attached).
Can anyone tell what I need to check in financials.
I am also confused regarding the provisioning requirement as mentioned in the circular.
Does Client has anything to do with provisioning requirement as mentioned in the circular.
Hi Rishab,
Client nothing to do with provision, as a statutory auditor, you have to issue a certificate on unhedged foreign currency exposure with the following details:
a. Closing balances of Trade payable.
b. Closing balances of Loans availed in foreign currency.
c. Closing balance of trade receivables.
d. Closing balance of Cash held in foreign currency.
The certificate has to be issued once in a yearly basis to client, who will submit it to Bankers
Dear All Senior Chartereds and Colleagues .
**Can anyone please explain the significance of these Totals and is the form filled correctly
USD Recivables/ payables
Import 125
Export 25
Is the form correctly filled
Thanks
CAclubindia
