Audit timing: auditors may complete audits before board approval without contravening law, enabling timely presentation. Auditors are required to report on the company's accounts as well as the balance sheet and profit and loss account, and the statutes do not prohibit auditors from completing the audit of final accounts before the board approves the balance sheet and profit and loss account; completing the audit prior to board approval does not constitute a statutory contravention and avoids delay in placing annual accounts before the general meeting.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Audit timing: auditors may complete audits before board approval without contravening law, enabling timely presentation.
Auditors are required to report on the company's accounts as well as the balance sheet and profit and loss account, and the statutes do not prohibit auditors from completing the audit of final accounts before the board approves the balance sheet and profit and loss account; completing the audit prior to board approval does not constitute a statutory contravention and avoids delay in placing annual accounts before the general meeting.
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