How to finalise balance sheet or accts..?

ABHINANDAN JAIN (CA Student) (886 Points)

24 April 2012  

Hi everyone.. i'm a Audit assistant in a ca firm... Till now i hv not yet gone to any client for stat audit.. but exected to do this year...

Since i'm very new to this type of Statutory audit...so pls anyone guide me step by step method/ way to conduct Stat Audit..

What is meant by Finalisation of Accounts...? When a B/s sheet is assumed to be finalised...?

So respected audtors and CCI mebers pls spare some time to help me in finalisation of accts of a entity..?

If possible pls attach some useful xls files or materials for Finalising books or doing stat audit.....

Thank you.