Auditor – NBC Institute

AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

Question

The rate of corporate ………… in the last ten years has tended to increase the risk exposure of the auditor.

Answer

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Tags: Audit Risk, Auditor, Corporate, Corporate Governance, Risk Exposure, Risk Management

Topic: Risk Management in Audits
Series: NOV 2012

BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

Question

Chief Ogongo, the Chairman of the recently incorporated Fortune Finance Limited,
has requested your advice on the appointment of auditors of the company,
particularly on the following issues:

What should be done where there is a casual vacancy in the offices of the auditors?

Answer

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Tags: Auditor, Casual Vacancy, Company Law
Level: Level 1

Topic: Company Law
Series: MAY 2013

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

Question

a. Umoru created a private trust of which he appointed Godwin and Tohib as trustees. Tohib wants to delegate his function as a trustee to his trusted friend, Mr. Murphy, a very conscientious person, because of his busy work schedule. Godwin has declined the appointment.

Required:
State the law and advise the parties. (5 Marks)

b. The Companies and Allied Matters Act (CAMA) provides for the appointment of company auditors.

Required:
State FIVE persons disqualified from being company auditor. (5 Marks)

c. The deployment of technology has greatly improved commerce.

Required:
Explain TWO types of the following e-commerce contracts:
i. Click-through
ii. Shrink-wrap
iii. Browse-wrap (5 Marks)

d. When a person dies intestate, the court may appoint persons to manage his estate.

Required:
State FIVE duties of personal representatives of a person who died without a will. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor, Company Law, E-Commerce Contracts, Intestate Succession, Personal Representatives, Trustee
Level: Level 1

Topic: Law of Trusts
Series: NOV 2023

AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

Question

The rate of corporate ………… in the last ten years has tended to increase the risk exposure of the auditor.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Risk, Auditor, Corporate, Corporate Governance, Risk Exposure, Risk Management

Topic: Risk Management in Audits
Series: NOV 2012

BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

Question

Chief Ogongo, the Chairman of the recently incorporated Fortune Finance Limited,
has requested your advice on the appointment of auditors of the company,
particularly on the following issues:

What should be done where there is a casual vacancy in the offices of the auditors?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor, Casual Vacancy, Company Law
Level: Level 1

Topic: Company Law
Series: MAY 2013

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

Question

Required:
State the law and advise the parties. (5 Marks)

b. The Companies and Allied Matters Act (CAMA) provides for the appointment of company auditors.

Required:
State FIVE persons disqualified from being company auditor. (5 Marks)

c. The deployment of technology has greatly improved commerce.

Required:
Explain TWO types of the following e-commerce contracts:
i. Click-through
ii. Shrink-wrap
iii. Browse-wrap (5 Marks)

d. When a person dies intestate, the court may appoint persons to manage his estate.

Required:
State FIVE duties of personal representatives of a person who died without a will. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor, Company Law, E-Commerce Contracts, Intestate Succession, Personal Representatives, Trustee
Level: Level 1

Topic: Law of Trusts
Series: NOV 2023

Question Tag: Auditor

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AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

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Question Tag: Auditor

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AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

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BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

You're reporting an error for "BL – May 2013 – L1 – SB – Q5D – Company Law"

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts"

AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits

Identifies the corporate factor that has increased the risk exposure of auditors over the last decade.

You're reporting an error for "AAA – Nov 2012 – L3 – AII – Q18 – Risk Management in Audits"

BL – May 2013 – L1 – SB – Q5D – Company Law

Explain the procedure to fill a casual vacancy in the office of the company’s auditor.

You're reporting an error for "BL – May 2013 – L1 – SB – Q5D – Company Law"

BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts

Discusses the delegation of trustee duties, persons disqualified as company auditors, types of e-commerce contracts, and the duties of personal representatives in the case of intestacy.

You're reporting an error for "BL – Nov 2023 – L1 – SB – Q6 – Law of Trusts"

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