Companies Act 19,550 · Article 295 — Statutory auditor's information on prior financial years
Scope of the statutory auditor's control over prior financial years (art. 295 LGS)
Article 295 of the General Companies Law extends the statutory auditor's rights of information and investigation to the financial years prior to his election.
What article 295
Article 295 sets the temporal scope of the statutory auditor's control.
Official text · Act 19,550, art. 295
The statutory auditor's rights of information and administrative investigation include the financial years prior to his election.
Source: Law 19,550, art. 295 — InfoLEG (updated official text)
Commentary
The incoming statutory auditor may review management prior to his appointment: without that scope, management could 'hide' irregularities by changing the statutory auditor. It reinforces the continuity of oversight.
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