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Where is overvaluation if assets

Auditing

In this video only Hidden liabilities only explained not there anything about Over or under valuation of assets Video Details Advanced Auditing & Professional Ethics (Without SA) Due Diligence 15. Financial Due diligence - IV

Surya Prakash

CA Final

★ 14K+

07-Feb-24 16:32

104

Answers (1)

Overvaluation is when assets are shown at the value more than the actual value. Fictitious assets recorded, Assets not considered for impairment when required, closing stock being overvalued (actual value 20000, recorded at 70000 to increase profitability etc.)