08 October 2013
Whether it is required to mention in audit report(3CD) that the certain amount of stock lost by theft. Assuming full insurance claim is receivable.
08 October 2013
you can write in clause 11 (d). Disclosure of prior period and extraordinary items or change in accounting estimate in Profit & Loss Account and report the effect thereof on profit & loss.. its an extraordinary items.
CAclubindia
