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notes to accounts

This query is : Resolved 
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(Querist)
04 October 2010 Dear Sir,

If networth is less than company profit than what point should be write in audit report?

Reply plz urgent
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
05 October 2010 Not required to mention in the audit report. The auditor has to report only those matters which are envisaged in Section 227 (2),(3)&(4).

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