 |
||||
 |
||||
 |
||||
 |
||||
 |
||||
|
||||
 |
||||
 |
||||
 |
||||
 |
Law No: 10/96 (An Unofficial Translation)
Appointment of auditors
70. (a) Every company shall appoint an auditor or auditors to audit the company. Every public company and companies whose share capital is more than MRf. 1,000,000.00 shall appoint chartered accountants or certified Public Accountants approved by the Auditor General to act as their Auditors.
(b) Auditors of the company shall be appointed and removed at the annual general meeting of the company.
(c) The remuneration of the auditors appointed under sub-section (a) of this section shall be fixed by the company in members annual general meeting.
Auditor’s report
71. (a) The auditors of the company shall prepare the auditors’ report to be laid before the annual general meeting of the company along with the accounts prepared in accordance with section 66 of this Act.
(b) The auditor’s report stated in sub-section (a) shall include the following:
(1) whether or not the auditors received the required information and details to discharge their responsibilities.
(2) whether or not the accounts prepared as stated in section 66 of this Act are true and show an accurate status of the company and whether or not the accounts reflect the real financial status of the company as seen from the books of the company.
