Audited Financial Statements

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A partnership firm can indeed have its accounts audited by a Chartered Accountant before the financial year concludes. The audit report will clearly state the specific period covered. To facilitate this, the firm will need to provide the relevant books of accounts, vouchers, and bank statements for that duration.

Sushil Kumar Shaokand

Sushil Kumar Shaokand (Querist)
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03 October 2020 Hi,
Can a Partnership Firm get its Accounts Audited from a CA before completion of the Financial Year. And what are the conditions.
Details are as under:
Date of Formation- 15/07/2020, Industry: Film Industry, Purpose for Audited Balance Sheet: Subsidy from State Govt, Audited Accounts needed: Till 15/10/2020, Film completed but will be released/ Sold to other party in Jan-2021.
Please suggest
Regards
Sushil

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 October 2020 Yes, Partnership Firm can get its Accounts Audited from a CA before completion of the Financial Year. The period for which audit is done will be mentioned in the report. Books of accounts and vouchers bank statements required for that period.

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Sushil Kumar Shaokand

Sushil Kumar Shaokand (Querist)
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09 October 2020 Thank you so much Sir.

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