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Which of the ...

Question

Which of the following rights are available to auditor of the company as per the provisions of the Companies Act, 2013?
(I) Right to sign the audit report
(II) Right to speak at general meeting
(III) Right to attend general meeting
(IV) Right to advise company on their financial policies
(V) Right to visit branch office
Select the correct answer from the op tions given below -

A

(I), (II), (III) & (V) only

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B

(I), (II) & (V) only

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C

(I), (III)& (V) only

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D

(I), (II), (IV) & (V) only

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Solution

The correct option is C (I), (III)& (V) only
Auditor can never advice on any financial policies but only give an opinion on the financial statements.
The auditor can speak at general meeting only if it is relevant to his business and not to get any needless publicity.

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