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Auditor of a _______ company does not have right to visit foreign branches of the company.
unlimited liability.
manufacturing
banking
non-profit making.
- Option 1: Unlimited liability company—Auditors generally have the right to visit branches, unless specifically restricted by law.
- Option 2: Manufacturing company—Auditors of a manufacturing company have the right to visit foreign branches, if the company has any.
- Option 3: Banking company— Auditors of a banking company do not have the right to visit foreign branches. As per law, they rely on branch audit reports from local auditors appointed at foreign branches.
- Option 4: Non-profit making company—Auditors have the right to visit branches, including foreign branches, unless specific restrictions are included.
Correct answer: Option 3 – banking
By: Parvesh Mehta ProfileResourcesReport error
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