Query..date of signing the balance sheet
This query is : Resolved
06 December 2013
when u have done balance sheet audit of 9 years of an AOP in the current year...on which date the ca can sign the balance sheet..is the date on which the balance sheet prevails or the current period....if u can quote any sections or provisions supporting it that will be gratful...thanx
06 December 2013
once the audit is completed as planned by auditor and if he is satisfied about the truthfullness and fairness of books or accounts and if other requirements are satisfied then he can sign thereafter.
06 December 2013
thanks for the reply ..but can u quote me at which date the auditor should sign the balance sheet...
06 December 2013
there is no specific section as such providing the time limit for auditor to sign the bal sheet.
it in dealt as per the clause agreed in the engagement letter bet the auditor and those charged with governance.
it in dealt as per the clause agreed in the engagement letter bet the auditor and those charged with governance.
06 December 2013
appointment of auditor is on back dates, but audit done during the year for 9 years....so you are saying the ca should sign the balance sheet from the back date not on the year the audit was done.....
06 December 2013
no...you understood me incorrectly...i meant that usually engagement letter has a clause regarding the final date of completion of audit and signing the financial statments, u need to refer them.
06 December 2013
ok...thanx for the reply...that was usefull
06 December 2013
you are welcome.
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