https://www.taxtmi.com/acts?id=19562 The auditor must report whether the company maintains proper records and conducts reasonable physical verification of fixed assets and inventory, whether material discrepancies have been dealt with, and whether inventory verification procedures are adequate. The auditor must disclose loans to related parties and recovery steps for overdue amounts, assess adequacy of internal controls for purchases, sales, inventory and fixed assets, and report compliance with deposit directives, maintenance of cost records, statutory dues (including disputed amounts and forums), investor fund transfers, defaults to lenders, guarantees prejudicial to the company, correct application of term loans, and any frauds detected. en-us Wed, 29 Apr 2015 11:48:21 +0530 Wed, 29 Apr 2015 11:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19562 The auditor must report whether the company maintains proper records and conducts reasonable physical verification of fixed assets and inventory, whether material discrepancies have been dealt with, and whether inventory verification procedures are adequate. The auditor must disclose loans to related parties and recovery steps for overdue amounts, assess adequacy of internal controls for purchases, sales, inventory and fixed assets, and report compliance with deposit directives, maintenance of cost records, statutory dues (including disputed amounts and forums), investor fund transfers, defaults to lenders, guarantees prejudicial to the company, correct application of term loans, and any frauds detected. Act-Rules Companies Law Wed, 29 Apr 2015 11:48:21 +0530 https://www.taxtmi.com/acts?id=19562