Question ID :
44986
whether provisional balance of company be signed by CA who is also statutory auditor of the company
whether provisional balance of company be signed by CA who is also statutory auditor of the company
Posted by
MRIDUL KOGTA
on
May 01, 2026
Filed Under
Corporate & Other Laws
Statutory auditor of a company cannot sign provisional balance sheet as there is threat of independence.
Posted by
CA. chunauti dholakia on
May 02, 2026
Answer ID :
86144
In my view, a Chartered Accountant who is also the statutory auditor of a company may certify/sign provisional financial statements for limited purposes, provided the certificate clearly states that the figures are provisional and unaudited and are based on records and information supplied by management. Care should be taken to avoid issuance of any audit opinion or representation that may imply completion of a statutory audit.
Posted by
CA. SATISH CHAND GARG on
May 12, 2026
Answer ID :
86157
Cannot sign since as per S143 he should report on true and fair view. Then the board should approve the final accounts and not provisional.
Posted by
SIVADAS CHETTOOR on
May 20, 2026