AUDITING ARAVIND - 09901366442 – 09902787224
WE PROVIDE CASE STUDY ANSWERS, ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS a r a v i n d .b a n a k a r @ g m a i l . c o m ARAVIND - 09901366442 – 09902787224 AUDITING Q1) H.W.P. Private Ltd. Is having only two members H and W. During the audit of accounts for the year ended 31st March 2000, you as a auditor find that : a) H, who is in charge of purchases has introduced fictitious purchase bills of Rs 50 lakhs. b) W, who is in charge of sales has sold goods worth Rs 1 crore without bringing the same in the books of accounts. You raise the matter with H and W in their capacity as directors. They contest that as this is a position known to them and within their own fold, you should not report the same under the Company's Act 1956. Discuss whether the above arguments are acceptable under the Company's Act 1956 for non-reporting? Q2) As an auditor, how would you react to the following situation? The company produced photocopies of fixed de...