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Repost from CA FINAL ALL MCQS
Question is mentioned above
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Repost from CA FINAL ALL MCQS
FTA renewables S.P.A., is based in Europe and has operations in renewable energy. The company’s operations are spread out in many countries. The company is also looking for various acquisitions. Vas Private Limited is a company based in Pune having operations into solar energy. The company’s management projected that its operations should increase significantly and it should become one of the largest companies in the sector in the next five years on the basis of the management plan. However, due to some unforeseen circumstances, the promoters of the company are looking to sell their business. FTA renewables S.P.A. (acquirer) is interested in acquisition of Vas Private Ltd. (target) and has started the discussions with the target company for the same. The due diligence of the target company is in process and the reviewer has come up with following observations so far: (i) The target company has certain balances with its related companies which are under reconciliation for long time. (ii) The target company had certain demands in respect of taxation matters on which the court has given a stay. (iii) The target company has some assets which are carried in its books at more than their current market value due to capitalization of foreign exchange loss as the same was permitted in Indian GAAP. (iv) The target company had two properties which were under litigation. (v) The target company had given guarantees which were not appearing the financial statements. Reviewer needs your advice that which of the above-mentioned observations should be reported by him to the acquirer? Join for more MCQs- Channel & Group

Repost from CA FINAL ALL MCQS
Which among the following are the skills to be possessed by M/s ABC & Associates as forensic accountants ?
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Repost from CA FINAL ALL MCQS
What is the main focus of ESG Assurance?
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CA Final Audit Most Important topics By CA Hemant Somani

CA Final - Audit New Questions of RTP May'26 with Key words bold & underlined. By CA Shubham Keshwani

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