- 10 Marks
AA – May 2021 – L2 – Q2c – Regulatory Framework and Audit Responsibilities
Explain the appointment, remuneration, and resignation of auditors for limited liability companies.
Question
Auditor appointment, dismissal, and remuneration is regulated by Companies Act 2019 (Act 992).
Required:
i) How are auditors of Limited Liability companies:
- Appointed (3 marks)
- Remunerated (2 marks)
ii) What may cause auditors to resign from their appointments? (5 marks)
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