Question

What duty is imposed on an auditor of a credit information company according to the Credit Information Companies (Regulation) Act

Q: Answer-What duty is imposed on an auditor of a credit information company according to the Credit Informati...

Section 13. Powers and duties of auditors.1 It shall be the duty of an auditor of a credit information company to inquire whether or not the credit information company has furnished to the Reserve Bank such statements, information or particulars relating to its business as are required to be furnished under this Act and the auditor shall, except where he is satisfied on such inquiry that the credit information company has furnished such a statement , information or particulars, make a report to the Reserve Bank in this regard.

A To inquire whether the credit information company has paid taxes

B To verify the accuracy of financial statements

C To ensure compliance with environmental regulations

D To conduct internal audits of the credit information company

E To inquire whether the credit information company has furnished required statements, information, or particulars to the Reserve Bank and report to the Reserve Bank if not satisfied

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