Auditor non-compliance with statutory reporting requirements triggers criminal penalty for wilful default and liable signatories. Auditors and any other persons who sign or authenticate a company's auditor's report or document must comply with the requirements of sections 227 and 229; if the default in making or signing a report or document is wilful, the auditor and any other signatory are liable to a statutory fine for such wilful non compliance with the Companies Act reporting and authentication obligations.