Note when Going Concern is under doubt?

Stat Audit 1611 views 1 replies

Can 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.

Replies (1)

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
 


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