hardik dave (student) (508 Points)
13 January 2011
Dheeraj
(Learner)
(1100 Points)
Replied 13 January 2011
i think its post incorporation, because the audit is done afterwords...
plz wait for the seniors reply...
hardik dave
(student)
(508 Points)
Replied 13 January 2011
auditors do audit of pre and post period whether they are appointed after incorporation of company. so i think it will be distributed to both period.
Madhusudan Kabra
(knowledge seeker)
(1779 Points)
Replied 13 January 2011
In my view,should be divided in time ratio.... as audit is always conducted for full period.
if auditor appointed conducts audit for post incorporation period only ...then it would be post incorporation only
Regards
Madhusudan
CA CS Preeti Mehta
(nil)
(635 Points)
Replied 13 January 2011
Originally posted by : Madhusudan Kabra | ||
In my view,should be divided in time ratio.... as audit is always conducted for full period. if auditor appointed conducts audit for post incorporation period only ...then it would be post incorporation only Regards Madhusudan |
Nishit
(CA)
(26 Points)
Replied 14 January 2011
Bhav Bhuti Sharma
(Towards Professionalism )
(823 Points)
Replied 14 January 2011
All fixed charges like salaries, rent, audit fees, insurance, depreciation, administrative expenses will divide on the basis of time ratio. All expenses which done after incorporation will be charged totally to after
incorporation. so it depends on the nature of expenses .
if audit fees is for whole f.y must divide in time ratio vice versa in post incorporation period .
Gulshan Kumar
(Professional Accountant)
(119 Points)
Replied 15 January 2011
it will be divide in time ratio is right.
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 19 January 2011
yes, most of all giving the correct ans., it should be divided between time ratio.
Ragulprasath
(I need CA couching class)
(2 Points)
Replied 30 April 2018