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Query Details

Asked by vrinda on :Feb. 13, 2018

Hi I am conducting an audit of company. It has ho…

Hi I am conducting an audit of company. It has hold the assets abroad also. How can I verify these …

Hi

I am conducting an audit of company. It has hold the assets abroad also. How can I verify these Assets Abroad?

0

Kanishka Feb. 20, 2018

While verifying the assets abroad, you have to be careful on the following matters.

(i) Examine the title deeds of immovable properties abroad.

(ii) Ensure that the immovable properties abroad have been properly classified and disclosed.

(iii) Where documents of title relating to assets held abroad are not available for inspection, a certificate should be obtained from the agent or any other party holding the document.

(iv) Ascertain that certificate has been obtained disclosing unequivocally that they are free from any charge or encumbrance.

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