3.9 Functions, Duties and Powers of Auditor

The functions: the examination's craft (the evidence's collection-and-testing — the sampling- and-verification's methodology); the opinion's expression (the report's verdict — 3.10); the reporting's-and-the communication's duties (the members'-and-the-directors' interfaces; the audit committee's-and-the-management-letters' practice). The duties: the professional-standards' obedience (the auditing standards — the ISA's-and-Nepali-adapted family; the ICAN's code of ethics (the independence-and-objectivity)); the books'-and-records' examination duty; the report's truth-and-fairness' opinion; the duty to the company (the auditor serves the company-not-the-management — Percival's parallel: the members'-and-not-the-individual's servant); the duty-of-care (the negligence's liability — the third-party's-reliance debates of the comparative lore (Caparo's name, by name only)); the fraud's detection-and-reporting duty (the statutory-and-suspicion reporting faces — the AML's-and-the-IR's interfaces); and the secrecy's duty (the client's confidence — the exceptions' limits). The powers: the information's-and-records' access (the company's-and-the-subsidiaries' books; the officers' explanations-and-attendances — the attendance's-and-answer's power at the meetings); the investigation's extent powers (the branches'-and-the-vouchers' verification); and the expert'semployment (the auditor's assistants-and-specialists).