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Section 145 says auditor should sign audit report, Section 134 says directors etc should sign financial statements, why auditors sign financial statements is it given under any section or it is a custom

Auditors

Posted By: Ravi 10 year(s) ago

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    k gopalan

The auditor signs the financial statement for the purpose of identifying the statement upon which he is reporting.

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    Ravi

OK, because when I saw financial statements of UK based companies they were not signed by auditors, but in india each page is initialed and last pages are signed

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    Akansha

As text of section 145 of the Act says that “Auditor of the company shall sign the auditor’s report or sign or certify any other document of the company” such any other document might include balance sheet in its ambit and in my opinion it’s a responsibility of auditor to authenticate such documents by way of signing the same on which he gives his observations in its report. Thus, signing of balance is nowhere written in the Act though we can say it’s implied by law to authenticate such documents.

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    PANKAJ

An auditor gives his report on the financial statements of an entity. Therefore, it is required that he authenticates those documents also on which he is submitting report.

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