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

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Full Text of the Document

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....hat 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 preparation of the accounts o....