Explain the rights and duties of a company auditors give me answer ple...
Rights of Company Auditors:
- Access to Information: Auditors have the right to access all books, records, and documents of the company to perform their audit.
- Independence: Auditors have the right to carry out their duties independently without any interference from the company's management or stakeholders.
- Right to Communicate: Auditors have the right to communicate with the company's shareholders and board of directors to report their findings and recommendations.
- Legal Protection: Auditors have the right to legal protection for carrying out their duties in good faith and in accordance with professional standards.
Duties of Company Auditors:
- Financial Report Audit: Auditors are responsible for examining the company's financial statements to ensure they are accurate and comply with accounting standards.
- Internal Control Review: Auditors must review the company's internal controls to identify any weaknesses or deficiencies that could lead to financial misstatements.
- Compliance Audit: Auditors are required to ensure that the company complies with relevant laws and regulations in its financial reporting and operations.
- Communication of Findings: Auditors have a duty to communicate their findings and recommendations to the company's management, board of directors, and shareholders in a clear and transparent manner.
Overall, auditors play a crucial role in ensuring the integrity and reliability of a company's financial reporting and operations. Their rights and duties are essential in maintaining transparency and accountability within the organization.
Explain the rights and duties of a company auditors give me answer ple...
See my timeline I had answered it