Failure to perform professional duties of Articles 255, 260 and 476 Audit Powers and Duties Auditors have been charged with failing to perform professional duties and with fine skills and skillfully making audit reports to company members. Otherwise they are in accordance with it. The requirement of section 255 of the Companies Ordinance, reviewing the 1984 accounts and the Company's basic records, showed that the audited reports were materially misrepresented which seemed to indicate that the Companies Ordinance, Failed to fulfill its obligations and responsibilities given in 1984. Auditors failed to design an audit mechanism in any way to enable the discovery of the infringement and they failed to properly edit all relevant reports of capital for a company's business. The need was made by its shareholders who may not necessarily be the management persons. In the case of a listed company, the general public is also involved in the move towards company equity, such individuals have no direct control over the company except that they choose directors for a three-year term and hopefully With the officers of the company entrusting them to manage the company for their benefit. The shareholders were, in the circumstances, the stakeholders and the ultimate beneficiaries. However, in practice, the shareholders had no control over the way their company was managed by the directors appointed by them. I needed to have some arrangements in place. Holder
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