if company sell its major fixed assets. Is the auditor can qualified its report if yes then what is to be included in report.
Umesh Sharma (student) (350 Points)
11 August 2012if company sell its major fixed assets. Is the auditor can qualified its report if yes then what is to be included in report.
Shubham Agarwal
(Article Assistant)
(135 Points)
Replied 11 August 2012
You Should Check that Whether The Major Part of Fixed Assets Include Building and Other Necessary asset for Continuing of Business, if yes, than you should lbe doubt on the going concern of the organisation , and Should Report in your CARO Report.
TRIYAMBAK PATRO
(IPCC STUDENT)
(66 Points)
Replied 11 August 2012
IF THIS HAS PERVASIVE AFFECT THEN AND MATERIALLY MISSTATED THEN HE CAN GIVE ADVERSE OPINION.
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