The branch auditor is appointed by___________?
Correct answer: B. Shareholders in general meeting
- A. Shareholders in an annual general meeting
- B. Shareholders in general meeting
- C. Board of directors in board meeting
- D. Any of the aboveCompare Business Loans
Explanation
A branch auditor is appointed by the shareholders in a general meeting, rather than by the board alone. The annual general meeting is one type of general meeting, but the broader statutory wording is “general meeting.”
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About Auditing
Auditing examines accounting records and financial statements to determine whether they present a reliable and fairly stated position. The subject covers audit objectives, internal controls, audit evidence, materiality, vouching, verification, working papers, auditor independence, audit reports, and the distinction between an audit and accounting or investigation.
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