Liquidation occurs when a company is unable to continue its business and decides to dissolve its operations. During this process, it is necessary to settle the company's debts, distribute its assets, and terminate its legal existence.
A liquidation audit is conducted to ensure that the company's assets are appropriately valued, its debts are accurately accounted for, and its affairs are handled in accordance with the applicable laws and regulations. The audit aims to provide assurance that the liquidation process is conducted fairly and transparently, safeguarding the interests of creditors, shareholders, and other stakeholders
A V Savla, conducts an independent and comprehensive examination of the financial statements, records, and transactions of the company undergoing liquidation. The scope of the audit support services may include:
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