We have got a balance sheet where share application money is being shown with same figure as on 31-03-2014, 2015 and 2016. Even after repeated instances, the company management is least bothered to get the same alloted for the reasons best known to them. Unfortunately, the share application figure is also beyond the authorised paid up capital. In such a case, while closing a balance sheet, what kind of declaration/qualification/representation should an auditor do/take to safeguard his interests. |