10-02-2009, 02:35 PM
@ above
although report is being obtained by a registered valuer who is well aware of the tools and techniques used in valuation, yet CAs are required to certify their report. thy also have right to object the valuation report if thy suggest. (as per Co Issue of Share Capital Rules 1996)
for instance in gratuity calculation, CAs are required to confirm the value of the assets on which the gratuity calculation by the actuary was based. (this is as per my experience and knowledge and also we were told to do so during one of our audit.)
regards.
although report is being obtained by a registered valuer who is well aware of the tools and techniques used in valuation, yet CAs are required to certify their report. thy also have right to object the valuation report if thy suggest. (as per Co Issue of Share Capital Rules 1996)
for instance in gratuity calculation, CAs are required to confirm the value of the assets on which the gratuity calculation by the actuary was based. (this is as per my experience and knowledge and also we were told to do so during one of our audit.)
regards.