FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

POWERS OF AUDITORS

POWERS OF AUDITORS

1. Right to access (Section 143(1))

  • Every auditor of a company shall have a right of access at all times to the books of accounts and vouchers of the company, whether kept at the registered office of the company or at any other place and shall be entitled to require from the  officers of the company such information and explanation as he may consider.

Inclusive list of matter for which auditor shall seek information and explanation i.e. Matters of Inquiry by auditor:

(a)  Proper security for Loan and advances,
(b)  Transaction by book entries
(c)   Sale of assets in securities in loss
(d)  Loan and advances made shown as deposits,
(e)  Personal expenses charged to revenue account
(f)   Case received for share allotted for cash

  • Considering specific requirements to prepare and audit Cash Flow Statements, the Companies Act 2013 requires that the auditor of a holding company will have the right of access to the records of all its subsidiaries in so far as it relates to consolidation.

2. Auditor in general meeting (Section 146):

The Companies Act 1956 entitled but did not require an auditor to attend AGM. Under the Companies Act 2013, it is mandatory for the auditor or its authorized representative who is also qualified to be appointed as an auditor, to attend the AGM, unless exempted by the company.

As per section 101, notice of general meeting must be given before 21 days either in writing or through electronic mode to the auditor in such manner as may be prescribed. Every notice of a meeting shall specify the place, date, day and the hour of the meeting and shall contain a statement of the business to be transacted at such meeting

3. Right to remuneration (Section 142):

The remuneration of the auditor of a company shall be fixed in its general meeting or in such manner as may be determined therein. It must include the expenses, if any, incurred by the auditor in connection with the audit of the company and any facility extended to him but does not include any remuneration paid to him for any other service rendered by him at the request of the company.

POWERS OF AUDITORS

At CAKART www.cakart.in you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our counsellors any time. We are happy to help you make successful in your exams.

.

www.cakart.in.

Click Here to download FREE CA CS CMA Text Books.

 

Leave a comment

Your email address will not be published. Required fields are marked *