Section 143(1) of Companies Act, 2013 states that every auditor of a company shall have access to books of accounts and vouchers of company and…

(a) Under section 143 (1) of the Companies Act, 2013 auditor shall inquire into following matters given as under: (a) whether loans and advances made by the company on the basis of security have been properly secured and whether the terms on which they have been made are prejudicial to the interests of the company or its members (b) whether transactions of the company which are represented merely by book entries are prejudicial to the interests of the company (c) where the company not being an investment company or a banking company, whether so much of the assets of the company as consist of shares, debentures and other securities have been sold at a price less than that at which they were purchased by the company (d) whether loans and advances made by the company have been shown as deposits (e) whether personal expenses have been charged to revenue account (f) where it is stated in the books and documents of the company that any shares have been allotted for cash, whether cash has actually been received in respect of such allotment, and if no cash has actually been so received, whether the position as stated in the account books and the balance sheet is correct, regular and not misleading.