Jayant Prajapati (Final Student) (38 Points)
06 September 2010Can any one please help me regarding the going concern concept
A pvt. co. is going to get merged with its sister concern pvt co. in next F.Y., so as a auditor i am sure that the co's going concern will no more be applicable. So what are the points that to be considered while reporting.
Also provide a sample note on the above discussion.
Ankit
(C.A.-Student)
(680 Points)
Replied 18 September 2010
Jayant
you could refer auditor report of SPIC- a listed company having a qualified auditor report. It could be used as refrence but its condition are not same as in your case
you can refer point 3-c page 31 of auditor report attached.
Hope it will help you
CAclubindia
