Formats for Financial Statements of LLP & Non-Corporate Entities


Please note that ASB of ICAI has prescribed *Formats for Financial Statements of LLP & Non-Corporate Entities* and published Technical Guides for the same. 


The *Technical Guides & Excel files* containing Illustrative Formats for Financial Statements can be assessed at:


• *Non – Corporate Entities:*

o *Technical Guide* on Financial Statements of Non-Corporate Entities - https://resource.cdn.icai.org/70614asb56545.pdf 

o *Excel file* containing Illustrative Formats for Financial Statements of Non-corporate Entities - https://www.icai.org/post.html?post_id=15772.


• *Limited Liability Partnership (LLP):*

o *Technical Guide* on Financial Statements of Limited Liability Partnerships - https://resource.cdn.icai.org/70861asb56826.pdf 

o *Excel file* containing Illustrative Formats for Financial Statements of LLPs - https://www.icai.org/post.html?post_id=15772.


I am sure this would be of enormous use and go a long way to standardise the formats for financial statements (FS) of non-corporates and LLPs. 

Auditors  strongly recommend the entities to follow these formats for formulation of their FS from FY 2021-22 onwards. 



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