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Hello everyone...I have shares in company. I want…

Hello everyone...I have shares in company. I want to know that auditor failed to send the auditor'…



Hello everyone...

I have shares in company. I want to know that auditor failed to send the auditor's report to some members. Does he liable for the same ?

0
Kanishka Feb. 12, 2018

The Act clearly states that responsibility of communication of audit report to the members of the organisation. Thus, it is a duty of company to sent the report to every member of the company. It is the responsibility of the secretary or the director to convene a general meeting and send the Balance Sheet and report to the members who are entitled to receive it.

Hence in the given case, the auditor cannot be held liable for the failure to send the report to the shareholders.