Auditor's right of access (Section 143(1)) extends to:
AOnly the books in soft copy
BBooks, accounts, vouchers, AT ALL TIMES, and to obtain information and explanations necessary for performance of duties
COnly the company's head office
DOnly year-end balances
Answer & Solution
Correct answer: C. Only the company's head office
1. Section 143(1) gives the auditor unrestricted, perpetual access to records.
2. It is a statutory right, not a contractual one.
3. Restrictions imposed by management can be reported as scope limitation.
_Source: ICAI BoS CA Final Paper 3, Ch 5 "Company Audit"_
Related questions
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