Difference between certified balance sheet

what is the difference between CA certified balance sheet and audited balance sheet.
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Quick Summary
A certified balance sheet is prepared when a formal audit isn't mandated, often for purposes like loan applications, where a Chartered Accountant (CA) attests to its accuracy based on available records. An audited balance sheet, conversely, is required when a tax audit is necessary under legislation like Section 44AB of the Income Tax Act. In essence, both terms refer to the same document, with 'audited' specifically denoting compliance with statutory audit requirements.

When tax audit required u/s. 44AB of IT act, or by any equivalent act/authority, the balance sheet or financial statements are certified by the auditor to be compliant to the respective act or rules, is called audited balance sheet.

But when the statements are not required to be audited, but are required by some agencies like bank for loan purpose etc, in that case CA certifies the statements as to be true to his knowledge, or as per books of accounts maintained, in that case it is said to be certified BS.

Certified and audited balance sheet are same.

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