02 December 2022
To Fellow members As per Companies Act 2013 Auditors Report should signed by the Statutory auditors. We noticed that Financial Statements(B/S, P/L, cash flow statements etc) signed by two directors on behalf of the Board and CS &CFO(if any) and also by Stat auditors. My query is : Is there any legal provision(s) which made the auditors to sign the Financial statements. More particularly what is the legal logic, on the basis of which auditors signed the Financial Statements. All fellow members opinion is sought for. Regards Abhijit
Auditors duty is to verify true and fair view of financial statements. Their sign is a kind of certification of the statements followed by detailed observations in auditors report. Once signed by them, the numbers are considered Final and only audited published statements are trusted by investors, creditors, authorities and other stakeholders for their perusal.
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