21 August 2013
For the financial year 2012-13 our client having a Term Loan a/c which is NPA. The bank does not provide Loan statement of account for the period of last four months. so as a auditor how the entry for the last four months to be entered in accounts. Further how the auditor will report in this respect, because exact loan a/c status is not known to him.
21 August 2013
As details was unknown auditor ,,he cannot say that financials shows true and fair view..so he may give "disclaimer of opinion" in his audit report
CAclubindia
