Tag Archives: #RegulatoryOversight

Prepares financial statement: Who prepares the financial statements ?

Prepares financial statement

Prepares financial statement The financial statements are typically prepared by the company’s accounting and finance department or by professional accountants and auditors. These individuals have the knowledge and expertise to accurately compile and analyze financial data in accordance with accounting principles and standards. It is mandatory to Prepares financial statement.  In smaller businesses, the financial… Read More »

LLP accounts signatory: Who signs LLP accounts ?

LLP without partnership agreement

LLP Accounts Signatory   LLP Accounts Signatory: In the framework of a Limited Liability Partnership (LLP), the designated partners assume the crucial responsibility of signing and certifying the accounts of the LLP. This underscores their essential involvement in financial affairs, underscoring the significance they hold in maintaining financial transparency and accountability. Here’s an explanation of… Read More »

When LLP is required to audit ?

LLP is incorporated

When LLP is required to audit     The requirement for LLPs to undergo an audit varies based on the jurisdiction and the specific regulations in place. Here are some general guidelines regarding when an LLP may be required to undergo an audit:  Size Criteria: In many jurisdictions, LLPs are required to undergo an audit… Read More »