Question ID :
44431
Certified Balance sheet
Whats the difference between CA certified Balance sheet and Audited Balance sheet
Posted by
SURAJ KUMAR CHOUDHARY
on
Feb 20, 2023
Filed Under
AUDIT
For CA certified balance sheet, the CA has not audited books of accounts, but gives limited assurance that he has verified the balance sheet and found it as per books of accounts prepared by the client. For audited balance sheet the auditor gives reasonable assurance about truth and fairness of books of accounts. Hence for CA certified balance sheet, liability of auditor is limited in comparison to audited balance sheet.
Posted by
CA. chunauti dholakia on
Feb 21, 2023
Answer ID :
83927
Audited Balance sheet means Accounts are audited but in case of certified balance sheet means only certified not audited.
Posted by
CA KALPANA SINGH KUSHWAH on
Feb 22, 2023
Answer ID :
85050
Balance sheet is only audited.
Posted by
CA. MADHAVAN S on
Jun 02, 2023