AUDITING | ACCOUNTING & AUDITING | NTA UGC NET COMMERCE

June 2019

Which of the following are the rights of a statutory auditor?

1. To receive remuneration
2. To attend Board of Directors meeting
3. To attend the general meeting
4. To visit the branch office

1. AB
2. ABD
3. ACD
4. ABCD

Ans : (c)

An auditor is a person or a firm appointed by a company to execute an audit.

Rights of auditors includes:

*Right to Access to Books of Accounts                 * Right to Obtain Information and Explanations

* Right to make Suggestions to the Board           * Right to Visit Branches

*Right to Sign the Audit Report                             *Right to Receive Notice and Attend Meetings

*Right to Remuneration                                           *Right to be Indemnified

* Right to take Legal and Technical Advice