Provisional balance sheet for loan purposes

Certified PBS means the prov. BS certified by any professional like CA/CS/CMA etc.

Provisional financial statements- are prepared on the basis of the past data i.e. for the period which is already completed and also based on the historical data, however the same is unaudited.

In case of Provisional Financial statements- Members on the basis of the facts produced before him, may sign those unaudited provisional financials but request must come from the client in this regards.

Management retains responsibility for the financial information and the basis on which it is prepared and presented.

The member (CA) has to comply with the standard on related services SRS 4410 while preparing provisional financial statements/ compilation of information and has to obtain UDIN for the same.