Authentication and signing of balance sheet and profit and loss account on the same date by auditors

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..... tered Accountants of India that some of the Registrars of Companies are raising queries about the adequacy or otherwise of audit in cases where there is no time gap or very little time gap between the date of approval of accounts under section 215 by the board of directors of the company concerned and the date of the audit report thereon. The Department is of the view that responsibility for the p .....

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..... heir appointment as auditors. Subject to the convenience of the company, he may actually commence the checking up of vouchers, etc., and the company may prepare trial balance, etc., which will save time for the auditors in the preparation of their report in due course. Thus, if the auditor signs the balance sheet on the same date on which the directors have approved it, it may not be inferred from .....

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