CAMA 2020 – NBC Institute

AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

Question

The auditor’s report is regulated by either the law (CAMA 2020) or regulation (ISA 700).
i. State the minimum elements of the auditor’s report as required by ISA 700. (10 Marks)
ii. Explain briefly the matters to be expressly stated in the report of the auditors of a company to its members on the accounts examined by them as stated in CAMA 2020. (10 Marks)

Answer

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Tags: Audit Standards, Auditor's Report, CAMA 2020, ISA 700
Level: Level 2

Topic: Audit Reports
Series: NOV 2021

BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

Question

In respect of Public Limited Liability (PLC) companies, the position of CAMA 2020 is that upon incorporation:

A. N200,000 in nominal value of its share capital must have been issued
B. N400,000 in nominal value of its share capital must have been issued
C. N2,000,000 in nominal value of its share capital must have been issued
D. N4,000,000 in nominal value of its share capital must have been issued
E. N20,000,000 in nominal value of its share capital must have been issued

Answer

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Tags: CAMA 2020, Company Law, Incorporation, Public Limited Liability Company
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

Question

In accordance with the provisions of CAMA 2020, which of the following is TRUE of a company limited by guarantee?

A. Must be owned by one person
B. N200,000 in nominal value of its share capital must have been issued
C. 55% of the issued share capital of a company must have been paid up
D. The consent of the Attorney General of the Federation (“AGF”) must be obtained before incorporation
E. It is restricted from appointing a director to hold the office of the Chairman and Chief Executive Officer of the Company

Answer

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Tags: CAMA 2020, Company Limited by Guarantee, Corporate Governance
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Standards, Auditor's Report, CAMA 2020, ISA 700
Level: Level 2

Topic: Audit Reports
Series: NOV 2021

BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

Question

In respect of Public Limited Liability (PLC) companies, the position of CAMA 2020 is that upon incorporation:

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA 2020, Company Law, Incorporation, Public Limited Liability Company
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

Question

In accordance with the provisions of CAMA 2020, which of the following is TRUE of a company limited by guarantee?

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA 2020, Company Limited by Guarantee, Corporate Governance
Level: Level 1

Topic: Business and Organizational Structures and Choices
Series: MAY 2023

Question Tag: CAMA 2020

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AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

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Question Tag: CAMA 2020

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AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

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BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices"

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

AA – Nov 2021 – L2 – Q1b – Audit Reports

List the minimum elements required in an auditor's report according to ISA 700.

You're reporting an error for "AA – Nov 2021 – L2 – Q1b – Audit Reports"

BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices

Identify the required nominal share capital for a Public Limited Liability (PLC) company upon incorporation as per CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q4 – Business and Organizational Structures and Choices"

BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices

Identify a true statement about a company limited by guarantee according to CAMA 2020.

You're reporting an error for "BMF – May 2023 – L1 – SA – Q3 – Business and Organizational Structures and Choices"

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