Companies and Allied Matters Act

AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

Question

The role of auditors is commonly misconceived. Many people argue that the auditor is expected to detect all frauds and irregularities in a client’s business. Others believe that the auditor should act more like a court of justice where truth is defended. In fact, the auditor’s responsibilities, powers, and duties are defined by statutes, ethics, and auditing standards.

Required:

(a) What are the provisions available in the Companies and Allied Matters Act Cap C20 LFN, 2004, which seek to reduce the communication gap between the auditor and the shareholders?
(7 Marks)

(b) Explain EIGHT controls available to address the problem of the performance gap.
(8 Marks)

Answer

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Tags: Audit Controls, Auditor Responsibilities, Communication Gap, Companies and Allied Matters Act, Performance Gap
Level: Level 3

Topic: Ethical Issues in Auditing
Series: NOV 2011

BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

Question

The Corporate Affairs Commission (CAC) is the government agency that registers business names in Nigeria.

Required:
Explain briefly FIVE types of names prohibited by the Companies and Allied Matters Act (CAMA) 2004. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies and Allied Matters Act, Corporate Affairs Commission, Prohibited Company Names
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

Question

Prima facie, the issuance of a Certificate of Incorporation to a company means that the company has complied with the requirements of the
A. Companies and Allied Matters Act
B. Company registration
C. Ministry of Trade
D. Secretary of Companies
E. Directors of the company

Answer

Find Related Questions by Tags, levels, etc.

Tags: Certificate of Incorporation, Companies and Allied Matters Act
Level: Level 1

Topic: Company Law
Series: MAY 2015

AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

Question

Required:

(a) What are the provisions available in the Companies and Allied Matters Act Cap C20 LFN, 2004, which seek to reduce the communication gap between the auditor and the shareholders?
(7 Marks)

(b) Explain EIGHT controls available to address the problem of the performance gap.
(8 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Controls, Auditor Responsibilities, Communication Gap, Companies and Allied Matters Act, Performance Gap
Level: Level 3

Topic: Ethical Issues in Auditing
Series: NOV 2011

BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

Question

The Corporate Affairs Commission (CAC) is the government agency that registers business names in Nigeria.

Required:
Explain briefly FIVE types of names prohibited by the Companies and Allied Matters Act (CAMA) 2004. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Companies and Allied Matters Act, Corporate Affairs Commission, Prohibited Company Names
Level: Level 1

Topic: Company Law
Series: MAR/JULY 2020

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Certificate of Incorporation, Companies and Allied Matters Act
Level: Level 1

Topic: Company Law
Series: MAY 2015

Question Tag: Companies and Allied Matters Act

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AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

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Question Tag: Companies and Allied Matters Act

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AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

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BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

You're reporting an error for "BL – March July 2020 – L1 – SB – Q1 – Company Law"

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

You're reporting an error for "BL – May 2015 – L1 – SA – Q3 – Company Law"

AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing

Clarifies auditor's statutory responsibilities, provisions in CAMA to reduce the communication gap, and controls for addressing performance gaps.

You're reporting an error for "AAA – Nov 2011 – L3 – SB – Q4 – Ethical Issues in Auditing"

BL – March July 2020 – L1 – SB – Q1 – Company Law

partnership law, and company names prohibited by CAMA.

You're reporting an error for "BL – March July 2020 – L1 – SB – Q1 – Company Law"

BL – May 2015 – L1 – SA – Q3 – Company Law

Identify the act with which a company complies upon receiving a certificate of incorporation.

You're reporting an error for "BL – May 2015 – L1 – SA – Q3 – Company Law"

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Customer

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