23 January 2018
As per section 143, if the directors is disqualified as on reporting date we need to report saying, None of the directors are disqualified . What if the directors are disqualified, what we need to mention in the auditors report, which section governs the same. any additional disclosure needed?
23 January 2018
The auditor has to get a representation letter from the auditee stating the status of their directors. Upon receiving the same, the auditor has to check the veracity of the letter with the supporting documents received from the director's and kept by the company in records. Then, the auditor has to frame the audit report accordingly. Section is 143(3)(g).