Question ID : 40893

AS-3 Applicability to Co-op Bank

Is it not mandatory for a Cooperative Bank to prepare Cashflow statement (along with P&L and B/S)? If CFS is not included in the Financial statements, Will it be enough if the auditor qualifies in his report about non compliance with AS -3?

AS-3 is applicable to banks including Co-operative banks. Auditor has to necessarily qualify the audit report.