Ircon International Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations :
1. In respect of Deferred Iraqi Dues which continued to be translated on last settlement due in 1995 with Government of India and not translating at rates prevailing on December 31, 2007, not in confirmity with AS-11.
2. Non-provision of Gratuity / Leave Encashment / Settlement allowance on actuarial basis and provided on prorated estimated basis.
1. In respect of Deferred Iraqi Dues which continued to be translated on last settlement due in 1995 with Government of India and not translating at rates prevailing on December 31, 2007, not in confirmity with AS-11.
2. Non-provision of Gratuity / Leave Encashment / Settlement allowance on actuarial basis and provided on prorated estimated basis.
No comments:
Post a Comment