Audit report
This query is : Resolved
Guest
Guest
(Querist)
15 June 2013
If a company is having accumulated losses more than its paid up capital.
Whether we can mention it while drafting our report as per SA 700/705 in Emphasis of matter paragraph.
Whether we can mention it while drafting our report as per SA 700/705 in Emphasis of matter paragraph.
16 June 2013
Caro Clause 12 required to address if accumulated losses exceed 50% of the paid up capital.
Hence you have to report this matter as per CARO Clause.
Hence you have to report this matter as per CARO Clause.
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