Audit Opinion by statutory auditor, Corporate Laws / SEBI / LLP

[Velayutham Panchatcharam]

Dear Sirs,

Please clarify, to whom the statutory auditor give audit opinion / financial statement whether to members of the company or board of directors. Pls help on this.

Regards

V.Panchatcharam

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

The Board of Companies and not to the members.

[sunil kumar Gupta]

Dear Professionals

I beg to differ. The Audit Report is always directed to the members of the Companies i.e. the shareholders and not to the Board of Directors. In Audit report, the audit opinion is mentioned.

[YAGAY AND SUN]

However, Generally Auditors also issue Management Letter for the concerns/issues they find their Audit tenure.