16 February 2008
Help Me to prepare Qualifying Report for Valuation if Stock and Book Debts With Qualification Being 1 No Proper Books Of Accounts being Maintained . 2 No information received For Valuation of Finished Goods as Whole. 3 No Proper Drawing Power being Calculated for Month . 4 STOCK STATEMENT SUBMITTED FOR MONTH BEING CARRIED OUT ABRUPTLY AND ON ASSUMPTION bASIS .
16 February 2008
R u giving report for an banker or for a corporate? Coz (In my opinion): No Proper Books Of Accounts being Maintained ! this is applicable for a corporate only, banker will always maintain the books..
No information received For Valuation of Finished Goods as Whole. this is also applicable for a corporate only. But next both are faults of a banker, the corporate can intimate them only..
16 February 2008
SUCH REPORT IS SUBMITTED BY AUDITOR TO BANK WHERE DEFAULTING PARTY HAS CASH CREDIT ACCOUNT . IT IS ASSIGNMENT OF STOCK VALUATION REPORT GIVEN BY BANK TO CA FIRM.
18 February 2008
although there is no such format provided but you can write like this: ' We have conducted audit of and come to know that: * there is no proper books of accounts with reference to inventories, being maintained. * There is no any basis for the valuation of Finished Stock. while scrutinizing stock statement, we come to know that it is based on assumptions and is abruptly prepared.
CAclubindia
