Whether auditor is required to check valauation done by third party

CA Monu Goyal (DOF) (21 Points)

13 June 2018  

A company has done a transaction based on third party valuation (under DCF method) . Is auditor required to check and verify the projections used by the company for doing DCF valuation.

 

CARO and ICFR requirement are applicable to company and the transaction is between a resident company and its foreign holding company.