Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Financial Statements for Wound Up of Company

C.A Harshal (job) (32 Points)

08 July 2010

What are the disclosures required to be made while auditing the financial statements of a liquidated company.

Is there any guidance note on it?

Reply
Follow
Share

1 Replies

CA.Mini (CHARTERED ACCOUNTANT) (336 Points)
Replied 11 July 2010

While auditing the liquidated company the receipts and payments is to be gone through.check the company is involved in any suits whether in its name or against its name.check the sundry creditors are met.no liabilities are outstanding .is there any debts to be recovered.hows the shareholders paid off.