What is Notes to accounts/Directors responsibility statement/Independent auditors report

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This discussion clarifies the distinct roles of Notes to Accounts, Directors' Responsibility Statement, and the Independent Auditors' Report within company financial reporting. While a Chartered Accountant (CA) assists in preparing the Notes and Statement, the Independent Auditors' Report is the auditor's own assessment of the company's accounts. These are separate but related components of a company's financial disclosures.

Chaitanyaa

Chaitanyaa (Querist)

30 May 2021 May some one explain what exactly is Notes to an accounts,explanatory notes,Directors Responsibility statement and Independent Auditors report? Are all these one and same thing or different. How they are related. Does CA prepare them or the Management of the Company? Who signs them?I am from non commerce background and always confused in above .
Thnx

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2021 All are different one. CA will help in preparing Notes to an accounts,explanatory notes,Directors Responsibility statement.
Independent auditors report is of CA who audit the accounts of the company.

Chaitanyaa

Chaitanyaa (Querist)

30 May 2021 Thank you sir. Regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

30 May 2021 You are welcome.....

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