Liabilities Of Auditor

Presented by: Srinivas R Khode.

To safeguard the interests of the subscribers The Company’s act 1956 has provided for the employment of an auditor who acts on behalf of the shareholders and his duty is to examine the affairs of the company at the end of a year and report to them.

1. Acquaintance with the Articles and the

Companies act.

2. Report to the members.

3. Duty of care and caution.

1. Statutory report regarding:

- the shares allotted by the company. - the cash received in respect of shares & - the receipts and payments of the company. 2. Prospectus.

3. Assistance in investigation to: a. to preserve and to produce to an inspector all books and papers of the company which are in custody. & b. otherwise to give the inspector all assistance in connection with the investigation which they are reasonably able to give.

Thank you.