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AS 405 views 1 replies

Can anyone tell me whether provision & payment of gratuity is compulsory or not for private company having turnover more than Rs. 60 crore & employed more than 100 employees? If it is applicable & company has not done provision of gratuity & also not paying gratuity, then can audit report be qualified?

Replies (1)

Since, your company is Non-SMC as per turnover. Then, AS-15 is applicable fully.

And yes, audit report can be modified because of non complying with AS.


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