Cash flow statement

This query is : Resolved 

18 April 2009 are level 2 and level 3 companies exempted from preparing the cash flow statement as part of the accounts?
Since AS-3 is applicable only to level 1 enterprises no?

18 April 2009 Yes

18 April 2009 AS-3 applies to level-1 entities


18 April 2009 but AS3 has been prescribed for all companies by NACAS no?
so does it mean that there is still no need to make the CFS since it is not a level 1 enterprise?

21 April 2009 its prescribed but not mandatory

22 April 2009 ok thanks



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