The Best Unaudited Financial Statement services In Bangladesh

01

Discussion

Some private limited firms in Bangladesh may be eligible for an exemption from having their accounts audited, pending the issue of a guidance by us. We offer full accounting services, as well as the preparation of unaudited financial reports for exempt organizations and auditing services through our affiliated unaudit firms. All financial statements created particularly to comply with legislative requirements are included in our unaudited financial statement services.

02

Process

Registered private limited firms in Bangladesh must appoint a unauditor within three months of their incorporation and submit unaudited yearly accounts to the appropriate regulatory authorities. However, the Bangladesh Companies Act contains many provisions that may exempt a firm from undertaking a mandatory unaudited financial statement.

03

Ideas & Concepts

When we prepare your unaudited financial statements, you will receive the following: 1.Statement and Report of the Director 2.Detailed Year-End Profit and Loss Statement Detailed 3.Balance Sheet as of a specific date 4.Financial Statement Notes on Company Compliance

04

Unaudited Financial Statement

For a whole year of assessment, dormant corporations, or enterprises that did not conduct business or generate income, are assessed. Exempt private enterprises having annual revenues of less than 3 lakhs BDT and no corporate shareholders. Allow us to help you meet your compliance obligations, including the compilation of unaudited financial reports.

Our Featured Services (Purpose)

Our Services assist you in keeping track of any changes and incorporating them as required into unaudited financial statements, ensuring that your company remains in good standing with financial market regulators.

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Statement and Report of the Board of Directors

The statement and report of the board of direactor of a company is very important for this service.

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Change In Equity Statement

To get this services you need to change in equity statement.

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Income Statement (Comprehensive)

An income statement depicts a company's success over the course of a fiscal year.

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Statement of Cash Flows

An unaudited financial accounts may also include a cash flow statement.

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Financial Position Statement

A financial position statement also very important role for this services.

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That is shows the company's financial status at the conclusion of the fiscal year

The Way We Work For Unaudited Financial Statement

Except for minor businesses and dormant businesses, all companies in Bangladesh are required to file audited reports with us. It is required by the Companies Act to appoint an auditor within three months of the company’s incorporation. The board of directors would have to select an auditor to review the financial statements. A dormant firm is one that has no accounting transactions in a given fiscal year. Certain activities carried out by a Bangladeshi corporation, on the other hand, are not considered accounting transactions. These are some of them:.

  • The hiring of an auditor;
  • The upkeep of a legal address;
  • The upkeep and bookkeeping of corporate registers and books;
  • the payment of any fines or penalties imposed by us;
  • the hiring of a business secretary
  • Under certain situations, transactions involving the purchase of shares by a new shareholder or subscriber.

You must still produce and file unaudited yearly financial statements even if your company is exempt from statutory audit. The annual financial statements aid in the computation and preparation of your company’s corporation tax filings. When your firm is exempt from audit, however, you don’t have to employ an auditor within three months of establishment, and your accounts aren’t audited.

Companies that qualify for the “small company” category in Bangladesh must be private in the current financial year and must have met at least two of the following three criteria in the previous two financial years, according to the country’s Company Act: 1.A total annual income of at least SGD 3 lakh; or a workforce of no more than 50 people.

A dormant corporation is defined as one that has not earned any revenue for a period of time, often a financial year. It may, however, have incurred costs.

A inactive firm, on the other hand, has no accounting transactions during a financial year. Certain acts carried out by a Bangladeshi corporation, however, are not deemed accounting transactions.

Why Choose US To Get An Unaudited Financial Statement Services?

Do You Have Any Questions?

Companies that definition of a small company concept will qualify for exemption from statutory unaudit. Hence, a company no longer needs to be an exempt private company to be exempted from unaudit.

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Directors of companies exempted from statutory unaudit are still required to prepare and submit financial reports in accordance with Bangladesh Financial Reporting Standards, such as the company’s balance sheet, notes to accounts, income statement, cash flow statement, and statement of changes in equity.

Value Proposition/Key Messages For Unaudited Financial Statement

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The Profit and Loss Statement

The profit and loss statement shows you how much money you made, how much money you spent, and how much money you made. It will provide you with a more accurate view of your company's current state throughout time.

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The Balance Sheet

The balance sheet (also known as the statement of financial status) shows the assets, liabilities, and equity of a company. It informs you of your company's current status at a specific point in time.

Conclusion :

We hope you found this guide to unaudited financial accounts to be useful. We are the only company in the world that can give you an Unaudited Financial Statement designation.

If you want to learn more, we are always available to assist you.

FAQ For Unaudited Financial Statement

Both financial modeling and accounting rely heavily on financial statements. reports the company’s financial situation at the end of the fiscal year (or at any other point in time a balance sheet is prepared; for example, companies are usually required to submit a balance sheet when applying for a loan).

Companies that are required to file unaudited financial accounts must do so within 30 days of the AGM or otherwise in the case of SMC, according to Section of the Act.

The yearly financial statements, as well as the directors’ and auditors’ reports, must be submitted to the shareholders in general meeting for approval as follows: Within ten months of the accounting year’s end for a private corporation. Within seven months of the accounting year’s end for a public firm.

In most cases, the Auditors and Directors sign both the Annual Accounts and the Auditors Report on the same day. At the Board meeting where all other financial figures are discussed, the draft of the Auditor’s Report is given.

Need The Best Unaudited Financial Statement Services In Bangladesh,You Should Contact Us Soon.