RAJ KUMAR (FINANCE MANAGER) (1393 Points)
31 May 2010HELLO FRIENDS, MY CLIENT WANTS TO EXTEND THE LIMIT AND THE BANK ASKS THEM TO PROVIDE THE PROJECTED BALANCE SHEET OF THE NEXT YEAR CERTIFIED BY THE CA.
CAN THE CA CERTIFY THE PROJECTED BALANCE SHEET.
CAN I DO AFTER PROVIDING THE DISCLAIMER.
PLS. TELL ME.
vishnupriya
(CA Final)
(1418 Points)
Replied 01 June 2010
Yes CA can certify the projected Balance sheet
Just make a note that which gives the meaning of all the financial data projected in the balance sheet is provided by the client to the CA.
Mandeep Singh
(member)
(21 Points)
Replied 17 July 2013
NO CA COULDN'T CERTIFY PROJECT REPORTS OR PROJECTED BALANCE SHEETS.
REASON FOR IT PROJECTIONS OR PRESUMPTIONS NOBODY CAN CERTIFY. WE CANN'T CERTIFY FUTURE OF ANY BUSINESS & PERSON.
IF WE DO THAT MERE WORD WRITEN INFORMATION PROVIDED BY CLIENT WOULDN'T DISCHARGE OUR LAIBILITY REGARDING SUCH CERTIFICATION .
IT IS MY OPINION NOT DO SUCH KINDS ACT TO CERTIFY PROJECTION.
CAclubindia
