08 June 2010
COMPANY HAS GIVEN A LOAN TO DIRECTOR OF Rs.500000/- AS ON 5-3-10 AND DIRECTOR ALSO PAID IT AS ON 28-03-10 THERE IS NO OUTSTANDING BALANCE AS ON 31-03-10 WHETHER AUSITOR IS REQUIRED TO DISCLOSED IT IN THE CARO REPORT.
08 June 2010
yes it is a 301 related transaction and hence the same should be disclosed in clause 4 of the report though the loan was squared up at the year end.
CAclubindia
