Bank balance confirmation letter

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Querist : Anonymous (Querist)
09 October 2014 whether bank balance confirmation letter is necessary for statutory auditor at the time of making balance sheet.

09 October 2014 Balance as per Bank Statement will also be sufficient. Balance confirmation letter from bank is not mandatory.

10 October 2014 balance confirmation is not necessary but auditor demand for future equerry by income tax deptt. due to some bank not issue certificate of 2-3 year old balance.

statement is sufficient.


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