Question
CA Yash is the statutory auditor of Laksmi Vardhan Limited for the FY 2020-21. In respect of loans & advances of ` 55,00,000/- given to
CA Yash is the statutory auditor of Laksmi Vardhan Limited for the FY 2020-21. In respect of loans & advances of ` 55,00,000/- given to Sarvagya Private Limited, the Company has not furnished any agreement to CA Yash & in absence of the same, he is unable to verify the terms of repayment, chargeability of interest & other terms.
What kind of opinion should CA Yash give in such a situation?
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
