Multiple Choice
As a general rule, the auditor is appointed by the shareholders at the annual general meeting. Which of the following is not true concerning the appointment of an auditor?
A) In practice the shareholders generally accept the recommendations of the directors concerning the appointment
B) the appointment stands for 12 months until the next annual general meeting
C) the company is liable to pay reasonable fees and expenses of the auditor.
D) an auditor ceases to hold office after a company goes into liquidation.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Identify and explain two of the benefits
Q3: The primary reasons for the existence of
Q4: When auditors issue an audit report that
Q5: An auditor must be registered:<br>A) by the
Q6: The work of an internal auditor can
Q8: The lapse of time between the balance
Q9: The Corporations Act requires that auditors are
Q10: The group which has the legal responsibility
Q11: The most common form of audit opinion
Q12: Identify and explain two duties of an