Time to Audit Fianancial statements of a company
This query is : Resolved
15 June 2010
I have formed a private limited company along with my two other friends 1.5 years back. We now want to issue some shares to a new investor. We haven't audited the Financial statements and the investor want to see the audited Balancesheet. I have one CA who was helping us in formation of a company but he is very busy now. We have receipts of almost 7 lakh and 6.5 lakh of expense and 5 lakh of assets. Can you please guide me how much time it may take to get us audited Balancesheet.
15 June 2010
it depends on the CA you are opting. better to lookout for a well experienced CA or Firm.
15 June 2010
hardlt it will take 7-10 days to do all formalities of audit and filing various returns with ROC & Inocme tax dept.
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