Krishna Pvt Ltd is primarily in the business of selling computer parts. However, the company is fulfilling the Principal Business Criteria as of the balance sheet date i.e. Financial Assets are more than 50 % of total assets & Financial Income is more than 50% of Gross Income. What shall be the obligation of the Statutory Auditor in such a scenario?

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The detailed answer for the above question is provided below In the given case Krishna Pvt Ltd is fulfilling the Principal Business Criteria ie Financ... View the full answer