Financial Reporting & Audit Requirements

Audit Information

The complete set of financial statements comprises of the following:

  • 1. Balance Sheet as at the end of the reporting perio
  • 2. Statement of Profit and Loss/Income and Expenditure account for the reporting period
  • 3. Statement of Cash Flow
  • 4. Notes forming the part of the financial statements, a summary of significant accounting policies, other explanatory information that may be required under relevant statutes

#The following companies are exempt from preparing a Statement of Cash Flows:

  • One Person Company
  • Small company
  • Dormant company
  • A private company which is a start-up company.
Get in Touch
Mayank Lakhani
Senior Managing Director Assurance Advisory,
Greenfield, Indirect Tax and GCC Region Corporate Services

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