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Rights of Company Auditor

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 asked

Rights of Company Auditor

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Company auditor have the rights to check out all the accounts of company whether it belongs to executives as well. the company auditor have also rights to check out personal discount code on your monthly activities so that it remains clean and safe.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 answered

Rights of auditor have been conferred in section 143 of the companies act 2013:- -Company auditor has rights to access the books and records of the company. He can refer to any book. -Company auditor has right to get explanations from company staff. If such explanations are not received he qualifies his report. -Company auditor has right to receive notice of general meetings. He can attend the general meetings. -Company auditor has right to visit branches. But there should be no separate auditors to those branches and it should be a home branch. -Company auditor has right to seek legal and technical advises. But, in his report, he should express his own opinion but not that of experts concern. -Company auditor has right to claim remuneration. His remuneration will be fixed by appointing authority and it will be paid by company. -Company auditor has right to refuse to commence the audit. Till making the records up to date, he cannot start his work. -Company auditor has right to question the board. Board also should give explanation to him. -Company auditor has right to qualify his report. If he comes across any dis-satisfactory point, he can mention the same in his report. -Company auditor has right of indemnity. He can reimburse expenses incurred by him in connection with conduction of audit work.

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