Auditors of CACLUB, what's the most bizarre accounting treatment you have observed while auditing a client?
Bizarre accounting treatments
(Guest)
2 Replies
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 12 May 2017
And why would "YOU" be interested in knowing all this? Or let me put this way, why would we share our clients' "Bizzarre" (according to you) accounting treatment with you on public forum?? Sharing knowledge/experience is always healthy, but only if it is not done for fun of someone else. Anyways, hopefully, you may get positive feedback from other members.. All the best..
CA Amrita Chattopadhyay
(Audit & Assurance)
(13459 Points)
Replied 16 May 2017
Kindly explain the term "Bizarre".
As a article student you must be aware that auditors are not allowed to disclose the information regarding clients. For the purpose of accounting treatment Accounting Standard issued by the Institute of Chartered Accountant is followed and for the preparation of financial statement, Schedule III of Companies Act, 2013 is followed.
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