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APPROVED BY a Resolution of the Board of Directors of JSC Rushed (minutes No. 157 dated 25.07.2012) Provision on the Audit Committee attached to the Board of Directors of JSC Rushed 2012 1 1. General
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What is provision on form audit?
Provision on form audit is the calculated amount set aside in a company's financial records to account for potential future liabilities or expenses.
Who is required to file provision on form audit?
All companies required to undergo an audit are required to file provision on form audit.
How to fill out provision on form audit?
Provision on form audit is filled out by calculating the estimated amount needed to cover future liabilities and expenses based on available information.
What is the purpose of provision on form audit?
The purpose of provision on form audit is to ensure that companies accurately reflect their financial position by accounting for potential future liabilities.
What information must be reported on provision on form audit?
The information reported on provision on form audit includes the estimated amount of future liabilities, the rationale for the calculation, and any relevant supporting documentation.
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