Information

As per SEBI ICDR Regulations, 2018 Companies which are to be listed or which are listed on the stock exchange have to prepare Consolidated Financial Statements (CFS) in accordance with Indian Accounting Standards (Ind AS) for three years and the stub period (if applicable) should be audited and certified by the statutory auditor(s) who holds a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI).

A restatement is the revision of one or more of a company's previous financial statements; it is necessary when it is determined a previous statement contains a material inaccuracy or contains material misstatement. The need to restate financial figures is a result of accounting errors, noncompliance with generally accepted accounting principles (GAAP), fraud, misrepresentation, or a simple clerical error. The Consolidated Financial Statement (including for the stub period if applicable) should be restated to ensure consistency of presentation, disclosures and the accounting policies for all the periods presented in line with that of the latest financial year / stub period presented.

Similarly, significant errors, non-provisions, regrouping, other adjustments, if any, should be reflected in the corresponding period. The changes in accounting policies and the correction of errors should be disclosed in accordance with the requirements of Ind AS Changes in estimates, if any, need not to be restated, as they are events of that corresponding year.

CoKaCo team associate you with reliable statutory auditor(s) who holds a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI) and would facilitate to provide Restatement of Financial Statements.

Information

As per SEBI ICDR Regulations, 2018 Companies which are to be listed or which are listed on the stock exchange have to prepare Consolidated Financial Statements (CFS) in accordance with Indian Accounting Standards (Ind AS) for three years and the stub period (if applicable) should be audited and certified by the statutory auditor(s) who holds a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI).

A restatement is the revision of one or more of a company's previous financial statements; it is necessary when it is determined a previous statement contains a material inaccuracy or contains material misstatement. The need to restate financial figures is a result of accounting errors, noncompliance with generally accepted accounting principles (GAAP), fraud, misrepresentation, or a simple clerical error. The Consolidated Financial Statement (including for the stub period if applicable) should be restated to ensure consistency of presentation, disclosures and the accounting policies for all the periods presented in line with that of the latest financial year / stub period presented.

Similarly, significant errors, non-provisions, regrouping, other adjustments, if any, should be reflected in the corresponding period. The changes in accounting policies and the correction of errors should be disclosed in accordance with the requirements of Ind AS Changes in estimates, if any, need not to be restated, as they are events of that corresponding year.

CoKaCo team associate you with reliable statutory auditor(s) who holds a valid certificate issued by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI) and would facilitate to provide Restatement of Financial Statements.