Sick companies
This query is : Open
22 August 2011
Dear Expert,
Can Any one guide me that what are the essentials to be reported in the annual accounts as disclosed under Companies Act for a sick company????
As it is the first year in which the accumulated losses of the company exceeding the Net Worth of the company....
Can you also highlight the points that have to be checked while doing Audit of A Sick Company.....
Please revert ASAP.....
Can Any one guide me that what are the essentials to be reported in the annual accounts as disclosed under Companies Act for a sick company????
As it is the first year in which the accumulated losses of the company exceeding the Net Worth of the company....
Can you also highlight the points that have to be checked while doing Audit of A Sick Company.....
Please revert ASAP.....
22 August 2011
Apart from mentioning in CARO it is required to mention in notes to account about whether going concern assumptions are suitable or not so check points with repect to that.
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