Financial statements of a company on the letter head of an auditor
Financial statements of a company on the letter head of an auditor
Certain instances have been observed where in auditor has used own letter head for printing of balance sheets, profit loss statements of a company. Financials statements of a company should not be printed on letter head of an auditor. Same has also been pointed out by the ICAI in journal published in the August, 1982 issue of ‘the Chartered Accountant’ p. 175.
Kindly take note, preparation and presentation of financial statements is responsibility of the management of the company. Auditor has to simply obtain financials from the company on letter head of the company for audit purpose. However, independent audit report with applicable annexures of a company should be printed on letter head of an Auditor. As audit report is outcome of an audit which is prepared by the auditor and should be on own letter head.
Comments