hi all
shud an auditor sign notes to accounts and accounting policy or only directors of the company have to sign??
please reply
thanks
RAJAN CHAVAN
(PGDFM)
(253 Points)
Replied 27 November 2008
yes,....of course...b'coz notes to accounts forms the part of the schedules...okay
sign means only initial and not the complete signature.,...got it...
regards
rajan chavan (ca student)
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 27 November 2008
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 27 November 2008
Pawan Kumar Garg
(Chartered Accountant)
(0 Points)
Replied 27 November 2008
| Originally posted by :deepti | ||
| " | hi all shud an auditor sign notes to accounts and accounting policy or only directors of the company have to sign?? please reply thanks |
" |
CA. Shikha
(Chartered Accountant)
(4143 Points)
Replied 27 November 2008
yes, the auditor shud sign...................
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 28 November 2008
Auditors are signing the Audit Report not the financial statement and Notes of account is part of Financial Statement .. So they cant sign thats a duty of Director of the company
CA Shree Jain
(Chartered Accountant)
(1572 Points)
Replied 28 November 2008
100% sign require bcos notes of account is part of BS
Anu_PCC
(CA STUDENT)
(87 Points)
Replied 02 December 2008
Hi..
Can Auditor point out at the flaws or loopholes in the accounting system of the management??
Anu
Nikhil Kumar
(CA , Qualified CPA)
(910 Points)
Replied 10 January 2009
Yes!! they are a part of financial statements
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 11 January 2009
Financial Statements means Trading Account, Profit and Loss Account, Balance Sheet and Notes to Account . CA has to sign all these documents and i should say every page of these document will contain his stamp and sign.
MANISH
(STUDENT)
(35 Points)
Replied 18 June 2009
| Originally posted by :Nikhil Kumar | ||
| " | Yes!! they are a part of financial statements | " |
As per the companies act notes to accounts form an integral part of the balance sheet and P& L.
Also you must be aware majority of our Accounting Standard Disclosures like for AS 17,18,19 etc are made in the Notes only.
then its abundantly clear that an Auditor should sign in notes to accounts also.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 27 June 2009
Yes, of course.. The auditor signs the Final Accounts as well as auditors report.
And note to accounts is forming part of final accounts. So the auditor has also to sign the notes to accounts.
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