Dear experts,
1) what are the files or statements should be prepared by an auditor while IT return, to give it to a client (Ltd company)?
2). who should prepare Annual reports?
3) what are the files or statements should be prepared by a C.S while preparing ROC returns?
Thanks/ Maya
Menu
files or statement preparation
Replies (4)
in limited company, the preparation and presentation of Financial statement are on Management.
auditor will prepare Audit Report and IT return.
auditor will prepare Audit Report and IT return.
Preparation of Financial Statements and IT returns is the responsibility of management. In tax audit cases, tax auditor should VERIFY the books of accounts, financial statements , IT returns etc.... and issue tax audit reports.
1. Financial statements should include
a. Balance sheet
b. Statement of profit or loss
c. Statement of cash flows
please refer section 129 and schedule III of companies act 2013 with rules.
2. Annual returns (assume, not annual reports) prepared by management.
3. File to ROC, (refer section 137 with rules):
a. audited financial statements including notes to accounts, consolidated financial statements etc. .... Section. 129
b. Independent auditor's report
c. Board of directors report - Section 134
etc.....
1. Financial statements should include
a. Balance sheet
b. Statement of profit or loss
c. Statement of cash flows
please refer section 129 and schedule III of companies act 2013 with rules.
2. Annual returns (assume, not annual reports) prepared by management.
3. File to ROC, (refer section 137 with rules):
a. audited financial statements including notes to accounts, consolidated financial statements etc. .... Section. 129
b. Independent auditor's report
c. Board of directors report - Section 134
etc.....
Thank you for both....
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
