Write an adequate report to the Head of the committee on fraud (EFU)
Answers
Explanation:
Amongst other matters, auditor can specifically inquire into following matters:
a. whether loans and advances made by the company on the basis of security have been properly secured and whether the terms on which they have been made are prejudicial to the interests of the company or its members;
b. whether transactions of the company which are represented merely by book entries are prejudicial to the interests of the company;
c. where the company not being an investment company or a banking company, whether so much of the assets of the company as consist of shares, debentures and other securities have been sold at a price less than that at which they were purchased by the company;
d. whether loans and advances made by the company have been shown as deposits; 138 Accounts, Audit & Auditors
e. whether personal expenses have been charged to revenue account; Amongst other matters, auditor can specifically inquire into following matters:
a. whether loans and advances made by the company on the basis of security have been properly secured and whether the terms on which they have been made are prejudicial to the interests of the company or its members;
b. whether transactions of the company which are represented merely by book entries are prejudicial to the interests of the company;
c. where the company not being an investment company or a banking company, whether so much of the assets of the company as consist of shares, debentures and other securities have been sold at a price less than that at which they were purchased by the company;
d. whether loans and advances made by the company have been shown as deposits; 138 Accounts, Audit & Auditors
e. whether personal expenses have been charged to revenue account;