1. The auditor shall audit the accounts of the Company, inspect the balance sheet and the profit and loss account, review the Company's transactions with the Concerned Parties, and ensure the application of the provisions of this Decree Law and the AOA of the Company. The auditor shall submit a report on the result of such inspection to the General Assembly and forward a copy to the SCA and the Competent Authority. 2. When preparing his report, the auditor shall verify the following: a. The accuracy of the accounting records kept by the Company. b. The extent of conformity of Company records with accounting records. 3. The auditor may review all the records, paperwork and other documents of the Company. The auditor may require clarifications as he may deem necessary to perform his duties. The auditor may also verify the assets, rights and obligations of the Company. 4. If no facilities are extended to the auditor to enable him to fulfill his responsibilities, the auditor shall note this in his report to the board of directors. If the board of directors fails to facilitate the auditing process, the auditor shall send a copy of the report to the SCA. 5. A subsidiary and its auditor shall provide such information and clarifications as requested by the auditor of the holding company for the purposes of the audit.
Interpretation and application must be checked against the official text and current version.