ACCA LW Eng Syllabus F. Management, Administration And The Regulation Of Companies - Auditor - Notes
No need to appoint an auditor if..
The company meets at least two of the following:
Turnover less than £10.2 million
Balance sheet total less than £5.1 million
50 or less employees
Appointment of an Auditor
Annually at the AGM by ordinary resolution
(unless AGM dispensed with - then automatically reappointed)
Duties of an auditor
Opinion on Truth and Fairness of the Financial Statements
State accounts have been properly prepared, and if directors' report is consistent with them
To make investigations to give an opinion
To report on consistency of summary financial statements circularised
Powers of the auditor
The right to access at all times, the company's books and accounts
To get all information and explanations they consider necessary
To receive copies of all proposed resolutions
To attend general meetings
To resign at any time
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Company Secretary
Syllabus F. Management, Administration And The Regulation Of Companies
F2. Other Company Officers
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Distinguish Between Types Of Meetings
Syllabus F. Management, Administration And The Regulation Of Companies
F3. Company Meetings And Resolutions