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Who makes the financial statements: the company itself or the accounting firm?

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Question ajoutée par Zaid Mahadin
Date de publication: 2015/04/08
Mohammed Shahid Ullah
par Mohammed Shahid Ullah , Executive Director (Finance) , Coal Power Generation Company Bangladesh Limited

The responsibility of making the financial statements are the Company itself.

Rajkumar Ramachandran
par Rajkumar Ramachandran , Assistant Center Manger , Mercury Institute of Mangement

Its depends on the company mangement .If the company mangement can handle with their accountant  to prepair ,otherwise they can hire sccounting firm to prepare the yearly statments

Ather Mukhtar
par Ather Mukhtar , Finance Executive , SC Technologies Global Private Limited

The management of the company is responsible for preparing the financial Statements Because they have the responsibility to show their stewardship (to take good care of shareholder's investments)

BIBIN VARGHESE
par BIBIN VARGHESE , Senior Accountant , LONDON CONSULTING MEDICAL CENTER

It depends on Management and they could appoint accounting firm if  they needed

Iftikhar Hussain Shah
par Iftikhar Hussain Shah , Senior Manager , Deloitte LLP

Financial statements preparation is the responsibility of company so should be prepared by the company. An accounting firm can be hired to prepare the financial statements but in that case company should take the responsibility for the preparation of financial statements.

Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

The company is responsible to prepare the financial statements and the accounting firm is responsible for the audit, accurate presentation and regulatory disclosures of financial statements as per International Accounting Standards

OWAIS QAZI
par OWAIS QAZI , Accounts & Finance Manager , Skyhigh Industries (Pvt) Ltd.

Company itself makes the finacial statements. the accounting firm are used for the it audit purpose. However many small and medium size business hire accounting firms for the preparation of financial statemnts.

lakshminarasimham mallareddi
par lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Accounting Firm makes the financial statements

Anas  Dawah
par Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

A-------------------------------------------the company itself

Ameet Kumar
par Ameet Kumar , Accounts Officer , Specific Glass Mosaic India Limited

It is the responsibility of Management to prepare Financial Statements while audit firm only gives an opinion on the Financial Statements.

shanavas pulath
par shanavas pulath , SENIOR ACCOUNTANT , RAYDAN FOOD COMPANY (Joint stock company)

i agreed with the answer Mr Ifthikar Hussain shah 

 

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