The Pamphlet Collection of Sir Robert Stout: Volume 88
Audit
Audit.
Balance sheet to be examined by the Auditors.
Every
Auditor shall be supplied with a copy of the Balance Sheet and it shall be his duty to examine the same with the accounts and vouchers relating thereto.Auditors may investigate ac-accounts.
Every
Auditor shall have a list, delivered to him of all books kept by the Company and he shall at all reasonable times have access to the books and accounts of the Company He may at the expense of the Company employ accountants or other persons to assist him in investigating such accounts and he may in relation to such accounts examine the Directors Local Directors or any other officer of the Company.Auditors' Report
The
Auditors shall make a report to the Shareholders upon the Balance Sheet and accounts and in every such report they shall state whether in their opinion the Balance Sheet is a full and fair Balance Sheet containing the particulars required by these regulations and properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs and in case they have called for explanations or information from the Directors whether such explanations or information have been given by the Directors and whether they have been satisfactory and such report shall be read together with the report of the Directors at the ordinary general meeting.Auditors when & how appointed.
First Auditors.
Auditors may be removed and others appointed
93. Any Auditor for the time being of the Company may
resign his office or may be removed from office by a vote of any ordinary meeting or of any special general meeting convened for the purpose and no Auditor shall be in partnership with any Director or Local Director of the Company (other than as shareholder in any joint stock company) and no Director Local Director Secretary Trustee or other officer of the Company shall be eligible or competent to act in the office of Auditor and an Auditor who shall he elected or appointed to be a Director Local Director Secretary Trustee or other officer or shall enter info partnership with any Director or Local Director other than as aforesaid shall immediately upon such election or appointment or partnership cease to be an Auditor of the Company.
Auditors may resign or be removed.
94. Within three weeks next before every general annual
or half-yearly meeting the Auditors for the time being shall fully examine into the state of the accounts and affairs of the Company and shall make a just true and faithful report thereon which shall be submitted by them to the Board of Directors one week previously to such meeting and shall be by the Board of Directors submitted to the Shareholders at every such meeting.
Auditors to report upon the accounts and affairs of the company to Board of Directors.