Signing of business projection
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 March 2012
A CA in practice or otherwise can sign financial projecions of a trading concern for bank finance purpose?
If so what are the consequenses?
If so what are the consequenses?
23 March 2012
A CA cannot certify the financial projection because all projections are unreal figures as CA certifies the actual figures. In the project report the CA can state as under:
"We have or I have prepared the projection based on the pas financial performance of the company or firm and in my opinion the projection are appropriate to the best of my / our know ledge." He cannot say that is is true and correct
"We have or I have prepared the projection based on the pas financial performance of the company or firm and in my opinion the projection are appropriate to the best of my / our know ledge." He cannot say that is is true and correct
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