Moa and aoa


This query is : Resolved 

22 March 2015 while doing audit we often ask from our client Moa and aoa. can somebody plz help me what things we need to read from thr and what purpose do it serve for auditors

22 March 2015 MOA & AOA is the basic constitution document for any company. you can know in the MOA

1. Purpose & objectives of the company formed
2. What is the share capital limits
3. Who are the directors

In the AOA

1.Director`s powers & responsibility
2. Borrowing power & limit of borriwing

MOA & AOA is the base document for the auditor to do the audit. Auditor is ensure that the company is running with in the specified objective in the MOA and the funds are utilised for the allowable obejects only. and other borrowings and actions by the company as per the MOA & AOA only


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