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of <h1>Auditors Can Audit Before Board Approval; No Violation of Sections 215 or 227, Says Company Law Board.</h1> Auditors are permitted to conduct audits of a company's accounts until the annual accounts are approved by the board of directors. Section 227(2) mandates auditors to report on the balance sheet, profit and loss account, and the company's accounts. There is no prohibition in sections 215 or 227 against auditing accounts before board approval of the balance sheet. Such a prohibition could delay audits and the submission of annual accounts to the general meeting, as required by section 210. The Company Law Board finds no violation of section 215 if audits are completed before board approval.
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