ACCA Applied Skills · Corporate and Business Law (Global) · Other company officers
Auditor Priya is auditing Kestrel Ltd. Which of the following is a right of the auditor, as opposed to a duty?
Access at all times to the company's books, accounts and vouchers is a right of the auditor. The other choices are things the auditor must report on, so they are duties rather than rights.
- ATo state in the report whether the accounts give a true and fair view
- BTo have access at all times to the company's books, accounts and vouchersCorrect
- CTo report where proper accounting records have not been kept
- DTo state whether the directors' report is consistent with the accounts
Explanation
Rights of the auditor include access to books, records and vouchers, to require information and explanations from officers, and to attend and speak at general meetings. The other options are reporting duties imposed on the auditor, not entitlements.
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