A statutory auditor has a right of access at all times to___________?
Correct answer: C. Books, accounts and vouchers of the company
- A. Books and accounts of a company
- B. Books, accounts and documents of the company
- C. Books, accounts and vouchers of the company
- D. Notices and documents of the company
Explanation
An auditor’s access extends beyond accounting books to the company’s accounts and vouchers, wherever they are kept. Notices and documents alone are too narrow, while option B omits the specifically relevant vouchers.
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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