What is an Auditor?
An auditor is a professional who specializes in examining and further verifying the accuracy, rationality and acceptability of a company's accounting records and reports. Auditors are officers of the company.
What are the functions and powers of an Auditor?
Auditor’s functions:
The functions of the auditor are stipulated by the Company Law, which mainly include verifying, reviewing and correcting the company's financial statements, ensuring the authenticity and correctness of the company's balance sheet, profit and loss statement and a series of accounting statements. The following is a typical provision:
① The auditor must review and certify that the company's financial accounts are prepared in accordance with the law and the company's articles of association;
② It is necessary to review whether the annual report contains the information required by law and whether it gives a false description of the company's affairs;
③ Must review the company’s books and accounting statements and ask the directors for all necessary information and information;
④ Report any matters that seriously affect the existence and development of the company;
⑤The contents of the annual financial statements and annual report must be verified.
Powers of Auditor:
The following basic rights of auditors are usually stipulated by company law and cannot be restricted by any company's internal rules:
① The auditor has the right to inspect the company's accounts, documents, contracts, meeting minutes at any time and obtain all information he deems relevant to his duties;
② The auditor shall have the right to attend any shareholders' meeting and to receive all notices to which the registered shareholders of the company are entitled. The auditor also has the right to listen to all business activities of the company at the above meetings.
This is the end of the introduction to Auditor in this issue. If you want to get more information about Auditor, please pay attention and we will continue to answer your questions~
