Which of the following are the rights of a Statutory Auditor? 1. To receive remuneration 2. To attend Board of Directors’ Meeting 3. To attend the General Meeting 4. To visit the branch office Choose the correct answer from the following:

The correct answer is D. 1, 2, 3 and 4.

A statutory auditor is an independent auditor appointed by the shareholders of a company to audit the company’s financial statements and report to the shareholders on the accuracy and fairness of the financial statements. The statutory auditor has the following rights:

• To receive remuneration: The statutory auditor is entitled to receive remuneration for their services. The amount of remuneration is determined by the shareholders.
• To attend Board of Directors’ Meeting: The statutory auditor has the right to attend Board of Directors’ meetings. This right is important because it allows the statutory auditor to understand the company’s business and to ask questions of the Board of Directors.
• To attend the General Meeting: The statutory auditor has the right to attend the company’s annual general meeting. This right allows the statutory auditor to report to the shareholders on their findings.
• To visit the branch office: The statutory auditor has the right to visit the company’s branch offices. This right allows the statutory auditor to inspect the company’s books and records and to obtain evidence to support their audit opinion.

The statutory auditor is an important independent check on the company’s management. The statutory auditor’s rights are designed to ensure that the statutory auditor can carry out their duties effectively.