634 
SECRETARIAL PRACTICE 
Disqualification ~~ 133,—(1) None of the following persons shall be qualified for 
for appointment 5 hointment as auditor of a company— 
(a) a director or officer of the company; 
(b) except where the company is a private company, a person 
who is a partner of or in the employment of an officer of the 
company; 
(¢) a body corporate. 
(2) Nothing in this section shall disqualify a body corporate 
from acting as auditor of a company if acting under an appointment 
made before the third day of August, nineteen hundred and twenty- 
eight, but subject as aforesaid any body corporate which acts as 
auditor of a company shall be liable to a fine not exceeding one 
hundred pounds. 
(3) In the application of this section to Scotland the expression 
“body corporate” does not include a firm. 
Auditors’ report 134,—(1) The auditors shall make a report to the members on 
A to the accounts examined by them, and on every balance sheet laid 
books and right before the company in general meeting during their tenure of office, 
fo attend general and the report shall state— 
(a) whether or not they have obtained all the information and 
explanations they have required; and 
whether, in their opinion, the balance sheet referred to 
in the report is properly drawn up so as to exhibit a true 
and correct view of the state of the company’s affairs 
according to the best of their information and the explana- 
tions given to them, and as shown by the books of the 
company. 
(2) Every auditor of a company shall have a right of access 
at all times to the books and accounts and vouchers of the company, 
and shall be entitled to require from the directors and officers of the 
company such information and explanation as may be necessary for 
the performance of the duties of the auditors: 
"Provided that, in the case of a banking company which was 
registered after the fifteenth day of August, eighteen hundred and 
seventy-nine, and which has branch banks beyond the limits of 
Europe, it shall be sufficient if the auditor is allowed access to such 
copies and extracts from such books and accounts of any such 
branch as have been transmitted to the head office of the company 
in Great Britain. 
(3) The auditors of a company shall be entitled to attend any 
general meeting of the company at which any accounts: which 
have been examined or reported on by them are to be laid before 
the company and to make any statement or explanation they 
desire with respect to the accounts.