Home Circulars 1961 Companies Law Companies Law - 1961 This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Whether copy of branch audit report could be sent to board of directors simultaneously with direct transmission of original branch audit report to statutory auditor - Companies Law - Letter : No. 10(1)‑CL‑VI/61,Extract Letter : No. 10(1) ‑ CL ‑ VI/61, dated 27 ‑ 4 ‑ 1961. Subject:- Whether copy of branch audit report could be sent to board of directors simultaneously with direct transmission of original branch audit report to statutory auditor The branch/internal auditor shall forward his report on the accounts of the branch direct to the statutory auditor. If the statutory auditor required any explanation/comments from the management in regard to the branch audit report, he would no doubt do so before making the observations in his audit report. There would, however, be no administrative objection to a copy of the branch audit report being sent to the board of directors simultaneously with the direct transmission of the original branch audit report to the statutory auditor.
|