AA – L2 – SA – Q1.2 – Auditor Rights

Identify which is not a right of an auditor.

Question

Which of the following is NOT the right of an auditor?

A The right of access to accounting records and financial statements

B The right to requisition a general meeting on material audit matters

C The right to receive necessary information and explanations

D The right to receive advance notice of any general meeting

Answer

Explanation:
Auditors have rights under the Companies Act, 2019 (Act 992), including access to accounting records (A), receiving necessary information and explanations (C), and receiving notice of general meetings (D). However, requisitioning a general meeting on material audit matters (B) is not a standard right of auditors; this is typically a shareholder right. Thus, B is the correct answer as it does not represent an auditor’s right.

Tags: Audit Responsibilities, Auditor Rights, Companies Act, ICAG
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities

Uploader: Salamat Hamid