audit of advance
what is meant by
auditor should verify the submission of claims to DICGC/ ECGC
4 Replies
Anmol Davesar
(Chartered Accountant)
(818 Points)
Replied 30 October 2017
These are govt entities which provide banks the guarantee for payment in case exporter dont pay
Aastha Agarwal
(102 Points)
Replied 31 October 2017
okay thanks for replying ... so here claims means the amt of default by exporters
Aastha Agarwal
(102 Points)
Replied 31 October 2017
so basically auditor here is verifying that the claims are made or not wherever appl and whether they are correct or not
Anmol Davesar
(Chartered Accountant)
(818 Points)
Replied 31 October 2017
Yes he will verify the claims made by the banks to these agencies
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