Statutory

Report
At least twenty days before the statutory
meeting, the directors are required to send a
report to every shareholder. This report is
called the statutory report
Contents of The Statutory Report
Number of shares allotted
Cash received against shares
Receipts and payments account
Preliminary expenses
Particulars of directors etc.
Modification of contracts
Underwriting contracts
Commission and brokerage
Companys state of Affairs
Auditors duties as to
certification of the statutory
report
The statutory report shall be accompanied by a
certificate of the auditor as to correctness of
Shares allotted
Cash received against such allotment
Receipt and payments of the company
Certification of shares allotted
For the certification of correctness of shares

allotted auditor is required to perform the

following work:

Knowledge of matters affecting the issue

Number of shares issued

Types of shares issued

 Terms of issued

Amount of minimum subscription

Underwriting contracts

Commission or brokerage payable

 Minutes of directors meeting

Return of allotment for shares

allotted for cash
Return of allotment for shares
allotted for consideration other than
cash

2. Certification of cash received

against shares allotted
Certification of receipts and
payments account
Period of account
Contents of account
1. receipts
2. payments
Vouching of cash receipts and
payments
Verification of cash and bank
balances
 Auditors
Reports For
Prospectus
Three type of auditor
report included in
prospectus

Report as to profits of company

issuing prospectus
Report as to business being
purchased
Report as to body corporate being
made subsidiary
Report as to profit of
company issuing
prospectus

Profits or Losses and Asset or

Libilities of the company
Rate of dividend if any paid
 Profit and Losses of the company
Assets and Liabilities of the
company
Profit or Losses of Subsidiaries
Assets and Liabilities of subsidiaries
AUDITOR REPORT FOR PROSPECTUS
AS TO BUSINESS BEING PURCHASED
proceed of issue of shares purchase
of any business the company is
required to include in its prospectus.
Profits or losses of the business.
Assets and liabilities of the business.
REPORTS AS TO BODY CORPORATE
BEING MADE SUBSIDARY
In this report shall include following
matters as to the body corporate
being made a subsidiary
Profit or loss of the body corporate
Assets and Liabilities of the body
corporate.
 RATE OF DIVIDENDS
Auditor should also on the rates of
dividends.
In this report each class of shares on
which such dividends have been paid
and particular case in which no
dividend has been paid.
The end .

THANKS !!!!