TaxTMI 
TaxTMI 
TaxTMI 
Is it not mandatory for a Cooperative Bank to prepare Cashflow statement (along with P&L and B/S)?
If CFS is not included in the Financial statements, Will it be enough if the auditor qualifies in his report about non compliance with AS -3?
AS-3 compliance for a cooperative Bank
VENKAT S
Is a cash flow statement mandatory for cooperative banks? Query on auditor's role with AS-3 compliance raised. A query was raised regarding whether it is mandatory for a cooperative bank to prepare a cash flow statement along with the profit and loss statement and balance sheet. The question also asked if it suffices for the auditor to qualify their report about non-compliance with Accounting Standard 3 (AS-3) if the cash flow statement is not included in the financial statements. (AI Summary)