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Final Settlement to Employees

1373 views 3 replies

RamaKrishnan

Student

120 Points Joined March 2007

with reference to the Bombay Chartered Accountants Society's website (www.bcasonline.org);
"The auditor should report if the final settlement to employees is not made within 30 days".

I brought to the attention of my auditor (As i'm the internal audit assistant), he is asking me that is there any legal view to settle within 30 days to employees?.

Can anyone help?

Replies (3)

Nitesh

Chartered Accountant

340 Points Joined August 2007

can u please provide me the link where u have read thta. as i am unable to find it in bcas site

Taroon Sharda

Job

125 Points Joined May 2007

Pls provide the details to me also as I am also a internal auditor and also explain final settlement includes the apyment of P.F. Balance also?

RamaKrishnan

Student

120 Points Joined March 2007

There is no direct URL.

First go to the site www.bcasonline.org
then click to "Articles and Features" on the right sight headings.
then click the "Internal Audit Studies"
then go to "Page 2"
then click the topic "Continuous Checking"
Read the Side-heading of "Staff Settlements".