Yes.... I totally agree with you.
I am not concerned about accounting entries, I just want to know that auditors should checked or not.
If multiple FD's are also running, then I thought auditors should checked it properly before putting figures in Balance Sheet.
Total FD Deposit Amount
Total Interest Accrued Amount
If accountant is doing mistake in these entries then error in Balance Sheet is valid. After finalization of Balance Sheet who should responsible.
Is there any fine would be liable for making these mistakes?
CAclubindia
