-
Hi Alex,
(I appreciate that we have more than one conversation going on!)
Certainly an auditor – in expressing an opinion on the financial statements – would consider that the objective of financial statements is to communicate information that is useful to members, contributors, creditors and other users of the financial statements (in making their resource allocation decisions and/or assessing management stewardship).
In my experience, most of the reporting back from the auditor occurs through the Audit (or similar) Committee. For my audit clients, I was certainly also available to attend Board and/or Annual General Meetings, when asked to do so (which was occasionally) – some organizations took comfort that the auditor was present, even though questions were rare. So, I don’t find it strange when the auditor is not present at an AGM (nor do I find it strange when they are).
Thanks,
Adam