tax audit fees-provision, Accounting - Auditing

[Gaurav Gawri]

Hi All,

Please help me to sort out why provision for tax audit is not done in the books

Posts / Replies

[Ganeshan Kalyani]

Accounting is done on accrual basis. Expenses incurred but invoice not received, for the same provision is made in books. Audit is done only when accounting year is closed. So audit is expense of subsequent year. And therefore provison is not made in books. This is my views. Thanks.