207. Powers and duties of auditors as to reports on financial statements Flashcards
1
Q
- Powers and duties of auditors as to reports on financial statements
A
General overview
[207.01] Section 207 provides for the auditor’s report (on the financials) to accompany the company’s financial statements/consolidated financial statements that are to be laid before the members at the general meeting. The auditor’s report shall be furnished to the directors of the company in sufficient time for them to comply with s 203(1), provided the accounts for audit are submitted by the directors to the auditors in sufficient time to carry out a proper audit.
