Stage 03 of 5 — Financial Statements

Prepare the face of the statements from the grouping

The approved grouping drives the Balance Sheet, Profit & Loss and cash flow in ICAI Guidance Note order, with current-year figures beside comparatives. Note numbers on the face point at the matching schedules. Drafts stay watermarked until review clears.

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Why this stage exists

The face of the statements is the document the firm will sign. It has to follow the Guidance Note structure and tie to the grouping, not to a hand-built spreadsheet.

The stage in three parts

What goes in, who acts, what comes out.

Input

The approved grouping
Prior-year comparatives, pulled or typed
Entity profile and constitution

Accountable action

Review Balance Sheet, Profit & Loss and cash flow
Check comparatives and note cross-references
Confirm the face ties to the grouped Trial Balance
Leave drafts watermarked until review is complete

Controlled output

Balance Sheet in Guidance Note order
Profit & Loss with note references
Cash flow where applicable
Side-by-side comparatives
Watermarked draft statements

Derived from grouping

Statement faces

Statement faces
Item	State
Balance Sheet	Guidance Note order
Profit & Loss	Note-referenced
Cash flow	Where applicable
Comparatives	Beside current year
Draft	Watermarked

Controls

What is enforced here.

Grouping-driven faces
Comparative presentation
Note numbering on the face
Watermark until review

See the whole engagement, not just this stage.

Every stage hands the same file to the next one. Nothing is re-keyed.

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Eligible Non-Corporate Entities only. AutoFS supports preparation under the ICAI Guidance Note; applicability, professional judgment, approval and sign-off remain with the firm.