Limited Review

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 July 2010 What are the criteria for applicability of Limited Review by Statutory Auditors - Quaterly, for a listed Company.

Whether seperate division of a listed Company comes under purview of Limited review - quaterly.

Battu

Battu (Expert)
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12 July 2010 All listed companies should disclose either audited or unaudited results quarterly to their listed stock exchanges.If they declare unaudited results than limited review report is applicable.Any division turnover/profit is 10% or more than 10% of total turnover/profit of the company, company has to disclose division wise financial results than division of the listed company comes under purview of limited review report