The board of directors has the financial statements and annual report of the board of directors prepared and forthwith provides them to the auditor. The necessary working condition should be maintained by the board where the company's books, accounts, vouchers, assets, liabilities, cash on hand and securities could be audited by the auditor.
The auditor can request from the board of directors any information and documentation necessary to conduct an audit in accordance with the new TCC and the required standards. The auditor may use these authorities for the subsidiaries and parent company if needed.
The board of directors responsible for having the financial statements prepared must submit to the auditor the consolidated financial statements (a) financial statements of the group of companies (b) annual report of the group of companies (c) financial statements of standalone company (d) annual reports of companies board of directors (e) the audit report of subsidiaries and parent company if audited.
