nivedhitha (bangalore) (81 Points)
21 January 2015
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 21 January 2015
usually the companies in the service sector have standard margins on their cost. Verify completeness you can take the standard margin % and apply on the cost(after making suitable adjustments) to arrive the revenue. and if the differrece between amount computed and as per books is below AMPT then its is fine. Or you can select samples/Projects and perform TOD. But yu have to also perform year end cut off procedures.
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