Chapter 15

Other Financial Reports: I Auditors’ Report and Directors’ Report

Corporate annual reports also contain certain financial reports. Auditors’ report plays an important role in ensuring financial discipline in a company/. Directors’ report is the annual score card of the performance of company management, as reflecteol i n the performance of the compony, to its owners.


This chapter seeks to enable you to develop knowledge and understanding of:

  1. The purpose of auditors’ report, its coverage as per the requirements of the Companies Act and other related issues.

  2. Qualifications in the auditors’ report and corporate ...

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