what sign of auditor on Audit report may be after date of AGM.
3 Replies
CA Harish Negi
(Never Say Die)
(860 Points)
Replied 21 February 2013
Normally as per the Act
Directors signs Financai Statment & send to Auditors
Then Auditor sign Audit report & Financial Statment
Then Directors sign Audit Repor
Then Notice is signed & sent
Nomal time gap between date of above events & AGM date is 25 Days( Clear notice inclusive of dispatch & receipt day) ( Note short notice is also allowed u/s
Members can ask for more disclosure in Audit Report- In that case Auditor can Issue new report and even the AGM can be adjourned, but the date of adjourned AGM will be Date of AGM.
Hence in no case auditor can sign Audit report after AGM Date.
Relevent section to be referred in your case are 171, 53(2), 210, 166, AUDITING STANDARDS 700-799 Audit Conclusions and Reporting
good luck
ACS Deepika Chowdhary
(Company Secretary)
(280 Points)
Replied 22 February 2013
No auditors must sign the Audit report on the same day of Board meeting in which results were approved. It cannot be in any case after AGM.
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