Question ID : 21592
whether provisional balance of company be signed by CA who is also statutory auditor of the company
whether provisional balance of company be signed by CA who is also statutory auditor of the company
Click here to Post Your AnswerAnswer ID : 86139
Statutory auditor of a company cannot sign provisional balance sheet as there is threat of independence.
Answer ID : 86144
In my view, a Chartered Accountant who is also the statutory auditor of a company may certify/sign provisional financial statements for limited purposes, provided the certificate clearly states that the figures are provisional and unaudited and are based on records and information supplied by management. Care should be taken to avoid issuance of any audit opinion or representation that may imply completion of a statutory audit.
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