CA.Ganesh (Practicing Chartered Accountant) (308 Points)
19 December 2011
. As per Sec 215(3) of Companies Act 1956 , BS and PL account shall be approved by BoD before they are signed on behalf of the Board in accordance with the provisions of this section and before they are submitted to the auditors for their report thereon Then how auditors report can be on the same date of Board meeting of approval of accounts?
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 19 December 2011
On the practical front audit is an ongoing process. It is not when board approve the draft of annual accounts and handover the same to auditors for their report, audit starts.
In view of the department also after approval on annual accounts in the BM, auditor can give his report on annual accounts. So the agenda of your BM would be:
Thanks
RG
CA.Ganesh
(Practicing Chartered Accountant)
(308 Points)
Replied 19 December 2011
| Originally posted by : ganesh | ||
 |
. As per Sec 215(3) of Companies Act 1956 , BS and PL account shall be approved by BoD before they are signed on behalf of the Board in accordance with the provisions of this section and before they are submitted to the auditors for their report thereon Then how auditors report can be on the same date of Board meeting of approval of accounts? |
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Thanks for your fast reply sir,
Sir is it possible to have same date for Directors report , audit report and date of board meeting
RG
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 19 December 2011
Yes it is possible.
If you hold the BM and transact all 4 business in the given sequence you can use this BM date as date of dir report, BS Pl and Audit report’s date.
RG
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