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general accepted accounting principles (GAAP)

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Q: What are the right that enable auditors to carry out their duties?
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What are the rights of an auditor?

Statutory rights of auditors · A right of access at all times to the books, accounts and vouchers of the company · A right to require from the company's officers such information and explanations as they think necessary for the performance of their duties ad auditors · A right to attend any general meetings of the company and to receive all notices of and communications relating to such meetings which any member of the company is entitled to receive. · A right to be heard at general meetings which they attend on any part of the business that concerns them as auditors · A right to receive a copy of any written resolution proposed · A right to give notice in writing requiring that a general meeting be held for the purpose of laying the accounts and reports before the company ( of elective resolution dispensing with laying of accounts in force) gtyutuguyt7


What are the rights of the persons being audited?

Basically none if you are talking about a government audit. Any attempt to conceal information or mislead the auditors is considered illegal. Government audits are normally done under performed within the legal system and structure of the country in which you live; generally they give auditors the right to access all relevant financial information (not necessarily personal information) that pertain to the audit.


Who is jokingly referred to as the patron saint of auditors?

MURPHY -- he was the clerk of weatherworks. The humorous part was that he was never wrong - he was right about the weather somewhere. (Source; The Monthly Magazine, or British Register, Vol 25, page 267.)St Matthew is the patron saint of accountants.As per the Patron Saint Index, there is no patron saint of auditores.


If an individual has a capital loss in 2008 can he carry it back to a 2005 capital gain tax paid?

No. But you can use $3000 of the capital loss to offset current year ordinary income and then carry the rest forward. Be sure to fill out the capital loss carryover worksheet in the Schedule D instructions before you enter a carryover from the previous year. The carryover rules are some of the most confusing for taxpayers and taxpayers cheat themselves out of a lot of carryover. Don't assume you know the right amount to carry over. Use the worksheet.


What are the rights and duties of an auditor?

An auditor's job is to verify that the process is being used as documented and that the results of the business activities meet the requirements (agency certification). In order to accomplish the task, they have the right (and duty) to follow any audit trail to verify that the business is operating per the (ethical, moral, and viable) requirements and warrants the certification that they represent.

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What are the rights of an auditor?

Statutory rights of auditors · A right of access at all times to the books, accounts and vouchers of the company · A right to require from the company's officers such information and explanations as they think necessary for the performance of their duties ad auditors · A right to attend any general meetings of the company and to receive all notices of and communications relating to such meetings which any member of the company is entitled to receive. · A right to be heard at general meetings which they attend on any part of the business that concerns them as auditors · A right to receive a copy of any written resolution proposed · A right to give notice in writing requiring that a general meeting be held for the purpose of laying the accounts and reports before the company ( of elective resolution dispensing with laying of accounts in force) gtyutuguyt7


Should auditor be seen not be heard?

auditors have a right towards the directors to be heard, mainly the sources available to auditors are: AGMs Letters to management Through audit committee


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