Going concern

Tax queries 662 views 2 replies

if company sell its  major fixed assets. Is the auditor can   qualified its report  if yes then what is to be included in report.

Replies (2)

You Should Check that Whether The Major Part of Fixed Assets Include Building and Other Necessary asset for Continuing of Business, if yes, than you should lbe doubt on the going concern of the organisation , and Should Report in your CARO Report.

IF THIS HAS PERVASIVE AFFECT THEN AND MATERIALLY MISSTATED THEN HE CAN GIVE ADVERSE OPINION.


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