Question ID :
44987
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 as per SRS 4410 (REVISED)
Posted by
MRIDUL KOGTA
on
May 01, 2026
Filed Under
Audit
No
Posted by
CA. SURAJ KUMAR CHOUDHARY on
May 05, 2026
Answer ID :
86145
Under SRS 4410 (Revised), a Chartered Accountant, including the statutory auditor of the company, may undertake a compilation engagement in respect of provisional financial statements based on information provided by management. However, such engagement does not constitute an audit or review, and no assurance can be expressed on the provisional figures. Accordingly, the CA should issue only a compilation report strictly in accordance with SRS 4410 (Revised) and should avoid certifying the provisional financial statements as true and correct or audited.
Posted by
CA. SATISH CHAND GARG on
May 12, 2026