26 May 2010
Answer for this will require lots of pages.. But in a nutshell, first, Trial Balance is required. Next comes all others like, Significant accounting policies adopted by the company for accounting treatment of critical matters, form 3CD of last year for deferred tax computation, if the company is availing any tax holidays - relevant technical stuff, the accounts shall be in schedule VI format and shall comply with Accounting standards.. so you require all these things before finalisation. Of course materiality shall also be considered..
CAclubindia
