Audit Opinion by statutory auditor

[Velayutham Panchatcharam]

Dear Sirs,

Please clarify, to whom the statutory auditor give audit opinion / financial statement whether to members of the company or board of directors. Pls help on this.

Regards

V.Panchatcharam

AI Summary

Debate: Should Statutory Auditor's Report Address Company Members or Board? Insights on Audit Opinions and Management Letters. A participant in a discussion forum inquired about whether a statutory auditor's audit opinion or financial statement should be directed to the company's members or the board of directors. One respondent stated it is directed to the board, while another disagreed, asserting that the audit report is always addressed to the company's members, specifically the shareholders. A third response noted that auditors often issue a management letter to address concerns or issues discovered during the audit.