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liability of auditorsit would cover any act of negligence - any actionable wrong by an officer of a company which did not involve any misapplication
misfeasance by the auditorshowever it is not sufficient to describe that the frauds must have been detected whether the entries in the books had been
complaints made against the auditorsthese are the most simple principles that such have to be applied to cases of this descriptioni protest however
duty of an auditorthe duty of an auditor generally was very carefully considered by this court in re london and general bank 1895 and i cannot
accuracy of the managers certificatewas it the duty of the auditors to test the accuracy of the managers certificate by a comparison of the figures
duties of auditorsthe duties of auditors are explained in the following cases1 re kingston cotton mill co 1896chanceryfor some years before a company
penalty for improper appointment s161 4 provides that if any unqualified person is appointed as auditor the
casual vacanciesby s159 6 the directors may fill any casual vacancy in th office of auditor so further any there such vacancy maintaining the
appointment by directorsthe company first auditors of may be appointed through the directors at any time before the first annual general meeting and
auditorsappointment s159 1 provides that every company shall at each annual general meeting appoint an auditor or
directors reportby s157 1 the balance sheet must have attached to it a directors report on the companys affairs including the amount if any which
accounts to be annexed to balance sheetby s156 1 the profit and loss of account and thus far as not incorporated in the balance sheet or profit and
balance sheets1482 utilize the directors to prepare and lay before the company in simple meeting a balance sheet as at the date to such that the
financial year of holding company and subsidiarys1531 provides that a holding companys directors shall ensure that except where in their opinion
contents of group accountsby s1521 the group accounts laid before a company shall give a true and fair view of the state of affairs and profit or
group accounts forms1511 provides that the group accounts laid before a holding company shall be consolidated accounts comprising-a like with
group accountss1501 provides that if at the end of its financial year a company has subsidiaries then it must include in its annual accounts group
contents and form of accounts - accounts and auditby s1491 every balance sheet shall give a true and fair view of the state of affairs of the company
profit and loss accountwith s1481 the directors of every company shall at some date not soon than eighteen months later than the incorporation of the
accounts and auditby s1471 every company shall cause to be kept in the english language proper books of account with respect to -a all sums of money
this case has been framed in order to test the skills in evaluating a credit request and reaching a correct decision perluence international is
registration of resolutionsby s1431 a printed copy of the following resolutions shall within 30 days after the passing thereof be delivered to the
meeting is unnecessary - meetings and resolutionsthe purpose of holding general meetings with all the formality which this entails is to give to each
resolutionsa meeting reaches a decision by passing a resolution there are two kinds of resolution iea an ordinary resolution which is carried by
proceedings at meetings - heldheld the resolution as passed was invalid since it was not the special resolution of which notice had been given