Section 227 Essay

Matters to be included in Co’s Auditor’s report u/s 227!!!



“I FOUND TREASURE IN PARIS, BOMBAY, BORIVLI AND ARRANGED DISTRIBUTION CEREMONY CHEERFULLY”



|Sr. No       |Headings                                     |   |Points                                                                                               |
|1.           |Inquiry u/s 227 (1A)                         |:   |Special comments of auditor – report                                                                 |
|             |                                             |   |If Auditor is satisfied – no report required.                                                       |
|2.           |Financial Statements                         |:   |Auditor shall report on the FS including Annexure & attachments laid down before the company in GM. |
|3.           |True & Fair View                             |:   |The auditor shall state whether in his opinion & to the best of his information & explanation given |
|             |                                             |   |to him, FS represents true & fair view.                                                             |
|4.           |Information & Explanation                     |:   |The auditor shall state whether he has obtained all information & explanation, which to the best of |
|             |                                             |   |his knowledge were necessary for audit.                                                             |
|5.           |Proper Books of a/c’s                         |:   |Whether proper books of accounts have been kept so far as it appears from examination of those books|
|             |                                             |   |& returns adequate for audit received from branches not visited.                                     |
|6.           |Branch Auditor’s Report                       |:   |Whether report on accounts of any branch office audited by person other than Co auditor has been     |...