Certifying the net worth of an entity based on either audited or unaudited financial statements. This certification might be required by various stake holders like banks etc.
1. Obtain the underlying financial information (either financial statements or books of accounts). 2. Compute the net worth based on standard definition or in certain cases based on definition given by the authority requiring the certificate. 3. Issue a certificate on the correctness of the above computation.
Underlying financial information (either financial statements or trial balance from the books of accounts)