Tag Archives: #AuditDelayImpact

Could you outline the potential consequences of a delayed filing for the Statutory Audit for Hotels – Lodging, Motels, Resorts?

Statutory Audit for Hotels   Here are some potential consequences of a delayed filing for the statutory audit for Hotels, Motels, Resorts: 1. Fines and penalties from the government. 2. Loss of public trust. 3. Damage to the company’s reputation. 4. Difficulty obtaining loans or lines of credit. 5. Increased scrutiny from regulators. 6. Delayed… Read More »

Could you outline the potential consequences of a delayed filing for the statutory audit for Real Estate Agents?

Statutory Audit for Real Estate Here are the potential consequences of a delayed filing Statutory Audit for Real Estate: 1. Penalty: The Real Estate Regulatory Authority (RERA) can impose a penalty of up to Rs. 10,000 for delayed filing of the statutory audit report. 2. Suspension of registration: RERA can suspend the registration of the… Read More »