law: Credit Information Companies (Regulation) Act, 2005 
  Chapter IV: Auditors
  13. Powers and duties
  
  of auditors.-
  1.     
  
    It
  
  shall be the duty of an auditor of a credit information company to inquire
  
  whether or not the credit information company has furnished to the Reserve Bank
  
  such statements, information or particulars relating to its business as are
  
  required to be furnished under this Act and the auditor shall, except where he
  
  is satisfied on such inquiry that the credit information company has furnished
  
  such a statement, information or particulars, make a report to the Reserve Bank
  
  in this regard.
  2.     
  
    The
  
  Reserve Bank may, on being satisfied that it is necessary so to do, in the
  
  public interest or in the interest of credit system, issue directions in
  
  particular or in general with respect to audit of the credit information
  
  company and submission of the report to the Reserve Bank.
  3.     
  
    Where
  
  the Reserve Bank is of the opinion that it is necessary so to do in the public
  
  interest or in the interest of the credit information company or its members,
  
  or in the interest of credit system or credit institution or its borrower or
  
  client so to do, it may, at any time, by an order, direct that a special audit
  
  of the accounts of the credit information company in relation to any such
  
  transaction or class of transactions or for such period or periods, as may be
  
  mentioned in the order, shall be conducted and the Reserve Bank may by such
  
  order or by a separate order either appoint an auditor or auditors or direct
  
  the auditor of the credit information company himself to conduct such special
  
  audit and the auditor shall comply with such directions and make a report of
  
  such audit to the Reserve Bank and forward a copy thereof to the credit
  
  information company.
  4.     
  
    The
  
  remuneration of the auditors as may be fixed by the Reserve Bank, having regard
  
  to the nature and volume of work involved in the audit and the expenses of, or
  
  incidental to, the audit, shall be borne by the credit information company so
  
  audited.