Question ID :
44894
Financial format for non-corporate entity
revised format of financial statements issued by ICAI for co-operative societies.
the consolidated financial statements (CFS) of the society have been prepared in the new prescribed format and are forming part of the audit report.
However, in addition to the consolidated statements, the management has also prepared separate branch-wise financial statements in the old format for internal review and administrative purposes that need to be authenticated.
Whether it is permissible to issue the consolidated audited financials in the new format while allowing branch-wise financials in the earlier old format ?
Posted by
CA. SURAJ KUMAR CHOUDHARY
on
Jul 11, 2025
Filed Under
Compliance
Branch financial statements should also be in the new format.
Posted by
VINAY BHARGAV KUMAR G on
Jul 11, 2025