Signing on financial statements

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 September 2016 RESPECTED SIR,
THERE ARE 4 PARTNERS IN A PARTNERSHIP FIRM. THE FIRM IS HAVING 60 COMPANIES AUDIT.
SIR, CAN ONLY ONE PARTNER SIGN THE BALANCE SHEET OF ALL 60 COMPANIES
SIR PLEASE CLEAR MY DOUBT
WITH REGARDS

YASHLOK DUBEY

YASHLOK DUBEY (Expert)
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13 September 2016 No Limit is applied on per partner basis

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2016 sir, it mean he can sign all the 60 balance sheet

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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25 July 2025 Yes, exactly! Here’s the clarification:

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### Signing of Balance Sheets by Partners in a Partnership Firm

* **There is no legal limit on the number of audit reports or balance sheets a single partner can sign.**
* So, **one partner can sign all 60 balance sheets** of the companies audited by the partnership firm.
* However, the signing partner must ensure:

* They have personally conducted or supervised the audit for each company.
* The signing is done in accordance with the professional and ethical standards prescribed by ICAI.
* The partner must use their **own membership number and signature** on each audit report and financial statement.

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### Summary:

| Question | Answer |
| ------------------------------------------- | ------------------------------------ |
| Can one partner sign all 60 balance sheets? | Yes, no limit on number per partner. |

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If you want, I can help you draft a formal note or letter explaining this, or any related audit compliance help!

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