Auditor shall report on the accounts examined by him ........

Auditing Audit and auditor's report

Auditor shall report on the accounts examined by him __________.

to the shareholders.

to the court.

to the bank.

to the general public.

- Option 1: To the shareholders

- Auditors are primarily appointed to serve the interests of the shareholders.

- They examine the company’s financial statements and report their findings to the shareholders.

- This ensures transparency and honesty in financial reporting.

- Correct Answer: To the shareholders.

- Option 2: To the court

- Auditors do not typically report directly to the court.

- However, their reports may be used in legal settings if needed.

- Option 3: To the bank

- While banks might use audited financial statements to assess creditworthiness, auditors don’t report directly to them.

- Option 4: To the general public

- Financial statements could be made public, but auditors focus their reports on stakeholders like shareholders, not the general public.

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