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of <h1>Section 227: Auditors' Powers to Access Company Records, Ensure Compliance, and Report Financial Accuracy.</h1> Section 227 of the Companies Act, 1956 outlines the powers and duties of company auditors. Auditors have the right to access company books, accounts, and vouchers, and require necessary information from company officers. They must inquire into the security of loans, the accuracy of book entries, and the treatment of personal expenses. Auditors report to company members on accounts, balance sheets, and profit and loss accounts, ensuring compliance with legal requirements and accounting standards. The report must state if all necessary information was obtained, if proper books were kept, and highlight any adverse effects on the company's functioning.
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