Certify Tentative Field Document For Free

Companies may employ internal auditors to review financial statements, but they can only be certified by an external auditor, who is usually a certified public accountant (CPA).

Certifying CA adds this declaration at the bottom of balance sheet. Audited balance sheet :- In case of audited balance sheet, detail is checked and verified by CA who is doing audit. Management provides all the evidences and documents to CA for auditing.

Provisional financial statements are based on the historical data. however they are unaudited. A CA , on the basis of facts produced before him ,may sign those unaudited Provisional financials but request must come from the client in this regard.

A CA. cannot sign the provisional balance sheet as an auditor. At best, he can issue a 'compilation report' as per SRS 4410 (Engagements to Compile Financial Information), as an accountant, so as to distinguish between an audit and a compilation engagement.

UDIN is mandatory even in cases where Tax Audit Reports and GST Audit Reports issued for a prior period and are issued after such date. 11. UDIN is only required for Tax Audit not for financial statements for which no audit is required under any statute. 12.

A Chartered Accountant cannot certify projected financials.

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.