- (A) Duty to report to the company’s bankers
- (B) Duty to report to the members
- (C) Duty to sign the audit report
- (D) Duty to report on any violation of law
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- (A) Circulate representations to members
- (B) Apply to the court to have the proposal removed
- (C) Speak at the AGM/EGM where the removal is proposed
- (D) Receive notification of the AGM/EGM where the removal is proposed
- (A) Error of omission
- (B) Error of commission
- (C) Compensating error
- (D) Error of principle
- (A) The auditor should express an opinion on financial statements.
- (B) His opinion is no guarantee to future viability of business
- (C) He is responsible for detection and prevention of frauds and errors in financial statements
- (D) He should examine whether recognised accounting principle have been consistently
- (A) International Accounting Standards Board
- (B) International Federation of Accountants
- (C) International Standards Board
- (D) Auditing Practices Board
- (A) Reporting to the shareholders on the accuracy of the accounts
- (B) Establishment of internal controls
- (C) Keeping proper accounting records
- (D) Supplying information and explanations to the auditor
- (A) Because they are easier to audit
- (B) Because it reduces the audit time
- (C) Because the risk to the accounts of their being incorrectly stated is greater
- (D) Because the directors have asked for it
- (A) Are responsible for ensuring that the company complies with the law
- (B) Are responsible for ensuring that the company pays its tax by the due date
- (C) Safeguard the company’s assets and manage them on behalf of the shareholders
- (D) Report suspected fraud and money laundering to the authorities
- (A) Protect the interests of the minority shareholders
- (B) Detect and prevent errors and fraud
- (C) Assess the effectiveness of the company’s performance
- (D) Attest to the credibility of the company’s accounts
- (A) Embezzlement
- (B) Misappropriation
- (C) Lapping
- (D) None of these
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