28 November 2014
Section 145 says auditor should sign audit report, Section 134 says directors etc should sign financial statements, why auditors sign financial statements is it given under any section or it is a custom
28 November 2014
IT is a custom followed for long, mainly because the audit report contains a statement that I/We have audited/examined the attached Balance Sheet, Profit & Loss Account....... In token, the auditor signs the "ATTACHED" Balance Sheet , Profit & Loss Account. If you carefully observe the OLD timers in the profession, they will not sign the financials UNLESS signed by the Directors.