Suppose, a person (sole propreitor) runs a business and his turnover is about 80 Lakhs. When he goes to bank for applying for loan, the bank asked to get his accounts certified by a CA.
Now the question is, in this case what a CA has to do? Whether he has to issue AUDIT REPORT just like audit report is given in case of statutory audit of company? or he has to certify the P&L, Balance Sheet just affixing his stamp & signature?
Thank you.
| Originally posted by : CA Rashmi Gandhi | ||
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CA will only certify the P&L and Balance Sheet by affixing stamp & signature |  |
To certify the same whether UDIN is to be generated?
No need to generate UDIN for simply stamping
CAclubindia
