The accounts approved by the board. The resolution authorised the CEO along with a Director to carryout any changes in the accounts suggested by the auditors. Small corrections i.e. reclasification of certain heads in Cash Flow statement is suggested by the auditors. The suggested changes doesn't have any impact on profitability or balance sheet of the company. Clarification is required whether such correction can be approved through circular resolution or does it require regular board approval?
Menu
Board approval for the revision of accounts
Replies (1)
When Board has already authorised CEO and director to carry out changes, why do you need a Board resolution again for this?
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
