Pls..clarify my doubt...!
This query is : Resolved
Dhanya Sreedhar
(Querist)
17 April 2009
Hi..
Its one of my doubt regarding a question posted in the mock tests
The Question is " CA's cannot certify financial forecats.Is this statement true?" and the answer for the same was "Yes,clause 3 of Part I of Second schedule"
Now my doubt is If that is the case Whether a CA can certify Projected Financials??
Please Clarify my doubt...
Its one of my doubt regarding a question posted in the mock tests
The Question is " CA's cannot certify financial forecats.Is this statement true?" and the answer for the same was "Yes,clause 3 of Part I of Second schedule"
Now my doubt is If that is the case Whether a CA can certify Projected Financials??
Please Clarify my doubt...
C A GROUP COACHING
(Expert)
17 April 2009
Prudently CA is not supposed to certify projections
Manmohan ACA, CS
(Expert)
17 April 2009
CA can only certify that all the arrangement , calculation and estimation made are correct and reasonable.
he/she can not certify the future viability of a project or business
he/she can not certify the future viability of a project or business
19 April 2009
i agree with manu
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