Question

what are the duties of company auditor as per companies act 1956​

Answer 1

The Companies Act, 1956 requires that every balance sheet and profit and loss account of a company should give a "true and fair view" of the state of affairs of the company as at the end of the financial year and that they should comply with the requisite accounting standards. To find whether proper books and accounts as required by law have been maintained and whether they represent a true and fair view, the auditor is appointed.

Every company in compliance with the sections 224, 225 and 226 of the Companies Act, 1956 appoints an auditor in a general meeting. The powers and duties of an auditor for the purpose of carrying out audit in a company are laid down in section 227.