Standard issued by icai

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 January 2013 Need an expert opinion on the Accoiunting standard that say " CA cannot vet financial projection , can only analyse it.
Need the details about the accounting standard which mentions it. Kindly provide the link if possible.

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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16 January 2013 In my opinion there is no AS on the issued as raised by you. It is just like any figures which are not acutal are the projections and a CA never signs a Balance Sheet or Profit and Loss account which contians only projections. Therefore, the CA can analyse the figures and not to certify it.