rushi (article) (125 Points)
20 June 2012While Preparing the consolidated Books Of Accounts Should I Also Prepare Disclosure For Related Party?
Also Who Should Sign The Balace Sheet And Profit And Loss Account?
Also Do I Need To Specify The Significant Accounting Policies Adopted In Preparing Consolidated Accounts?
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 21 June 2012
Yes you will ahve to disclose everything in notes to accounts. The financial statements need to be signed by the directors of the parent co, as these are being consolidated in the bools of parent co.
CAclubindia
