Certificate on unhedged foreign currency exposure

Dear All,

I need to issue the certificate on foreign currency exposure to my client.(Form Attached).

Can anyone tell what I need to check in financials.

I am also confused regarding the provisioning requirement as mentioned in the circular.

Does Client has anything to do with provisioning requirement as mentioned in the circular.


Attached File : 235450 20180317004305 ufc metal universe.pdf downloaded: 3483 times
Replies (2)

Hi Rishab, 

Client nothing to do with provision, as a statutory auditor, you have to issue a certificate on unhedged foreign currency exposure with the following details: 

a. Closing balances of Trade payable. 

b. Closing balances of Loans availed in foreign currency. 

c. Closing balance of trade receivables. 

d. Closing balance of Cash held in foreign currency. 

The certificate has to be issued once in a yearly basis to client, who will submit it to Bankers

Dear All Senior Chartereds and Colleagues .

**Can anyone please explain the significance of these Totals and is the form filled correctly

USD Recivables/ payables

Import 125

Export 25

Is the form correctly filled  

Thanks

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details