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Q. > Please Help: Audit
Is it compulsory to do cash flow statement as per new audit report format?????
answered Jun 11, 2013 by Vikky Kumar Jha , Darbhanga
Yes, Extract of New Audit Format is as Follows:
In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:
a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31, 2013;
b) in the case of the Profit and Loss Account, of the profit/ loss for the year ended on that date; and
c) in the case of the Cash Flow Statement, of the cash flows for the year ended on that date.
answered Jun 17, 2013 by Vikky Kumar Jha , Darbhanga
No, It is not compulsory.
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