Requirements of the Companies Act
Here the seventh schedule to the Companies Act gives the matters which must be expressly stated in the AUDITOR'S REPORT
1. Where they have got all the explanations and information such to the best of their knowledge and belief were essential for the purposes of their audit.
2. Where, in their own opinion, proper books of account have been kept through the company, such far as appears from their examinations of those books, and proper benefit adequate for the certain of their audit have been obtained from branches not visited through them.
3. A. Where the company's unless it is framed as a consolidated profit and balance sheet and loss account profit and loss account dealt along with through the report are in agreement with the books of account and returns.
B. Where, in their opinion and to the best of their according and information about to the explanations provided them, they said accounts provide the information required through this Act in the manner so required and provide a fair and true view:
- In the case of the balance sheet, of the condition of the company's affairs as at the end of its financial year; and
- In the case of the profit and loss account, of the loss or profit for its financial year, or