Please Help: Risk/implication of non-renewal of agreement
Posted Date : 04-Oct-2011 , 10:20:30 am | Posted By: Ashish Sanghi
Category :
Audit | Answers :
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What should be the risk if the company has not renewed the service agreement |
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Answers:
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 Answer by: Ashish Karundia |
| Dear Ashish,
the type of risk such as financial, technical, run time etc depends upon the type of service agreement.
Further, in the event of non reneval of the service agreement, the company cannot be in a position to establish the genuniness of the expenses.
There can be other implications also but the same will be dependent upon the service agreement.
Hope the above answers the query.
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| Answer by: CA VIPIN GARG |
| Dear Ashish, Please tell me vat type of service agreement (including full details), you are talking about, then only anybody can perfectly answer your query.
As far as the given information is concerned i think the reply given by Ashish Ji is perfect.
Have a nice day ..........
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