Financial Statement | AccountingWEB

Financial Statement


Client of mine is applying to the bank for a bank loan and as such the bank require financial statements relating to this 2 restaurants prepared by an accountant or at least on headed note paper.

He needs this statement urgently and despite me not having seen any paperwork wants me to use his own estimated figures.

My question is: if I put these numbers (and profit) on my headed paper and it turns out to be wildly incorrect what liability would fall on me? I would propose to include a paragraph underneath the statements saying that these numbers have been prepared using the Directors information and no audit has been undertaken etc etc

Would this paragraph be enough to cover me?


There are 4 comments. Login or register to view them.

Whats the point .....

cymraeg_draig |
cymraeg_draig's picture

Agree with CD

Monsoon |
Monsoon's picture

I'm a bit confused

Euan MacLennan |
Euan MacLennan's picture


mattwadz |