wages

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SIVASIVA (Querist)
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10 June 2010 Wages (Audit)
This query is : open

I LOVE MY CA COURSE
( Author )
06 June 2010

Whether in a Audit Report a qualification is required for the following:

when there is a delay in payment of Wages say in terms of 4 months or even 8 months.

Snehal Parikh

Snehal Parikh (Expert)
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13 June 2010 As per CARO Clause, delay in stuatory dues should be reported under certain specific laws. The specific laws include P.F,income-tax,service tax,excise duty, investor proteciton fund,sales tax ex-cetra. Hence the delay in wages should not be covered under statutory dues.Hence there is no obliganation on the part of auditor to make qualification in audit report.