"Sharda Associates — Trusted Business Consultancy Firm in India Sharda Associates is a Bhopal-based CA firm helping MSMEs, startups, and established businesses across India. We have successfully prepared 45,500+ project reports, CMA data, and DPRs for bank loans and government subsidy applications. Our core services include project reports, detailed feasibility studies, CMA data preparation, government subsidy consultation (PMEGP, MUDRA, NABARD, CGTMSE), GST & taxation, virtual CFO services, and pitch deck creation. We work closely with clients to deliver bank-ready documentation that ensures higher loan approval rates and maximum subsidy benefits. With deep industry knowledge across manufacturing, services, agriculture, and emerging sectors, we provide tailored solutions backed by transparent pricing and timely delivery (3-5 days standard). Website: https://shardaassociates.in/cma-report-for-bank-loan/ Contact: +91 89899 77769"
The article examines whether the Income Tax Amendment Bill, 2026 expanded CMA authority to bank audits. It clarifies that while CMAs gained a larger role in tax-related work, statutory and concurrent bank audits remain reserved for Chartered Accountants.
The article identifies reconciliation mismatches between profit statements, balance sheets, and fund flow statements as a major reason banks return loan files. It stresses the need for internal consistency across all seven CMA statements.
