Auditor's duty to prepare balance sheet and to report irregularities, etc

Corporate19688 sections

Statutory text

(1) It shall be the duty of every auditor auditing the accounts of a society under section 12D to prepare a balance sheet and income and expenditure account and to forward a copy of the same to the Registrar.
(2) The auditor shall in his report specify all cases of irregular, illegal or improper expenditure, or failure or omission to recover moneys or other property belonging to the society or of loss or waste of money or other property thereof; and state whether such expenditure, failure, omission, loss or waste was caused in consequence of breach of trust, or misapplication or any other misconduct on the part of the governing body or any other person.

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