100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary AUE1601 QUIZ 4 $2.76
Add to cart

Summary

Summary AUE1601 QUIZ 4

 5 views  0 purchase
  • Course
  • Institution

Summary of 3 pages for the course AUE1601 - Legal Aspects In Accountancy at Unisa (AUE1601 QUIZ 4)

Preview 1 out of 3  pages

  • May 28, 2023
  • 3
  • 2022/2023
  • Summary
avatar-seller
Please select one option
Incorrect option


1. How long after terminating the relationship with its auditor should a company file the notice of
termination? TOPIC 5

A) Within 10 business days

B) Within 15 business days

C) Within 21 business days

D) Within 30 business days

ANSWER: A


2. In terms of the Companies Act, who is responsible for ensuring that the appointment of the
auditor complies with provisions of the Act and other legislation? TOPIC 5

a) Executive directors
b) Human resources manager
c) Shareholders
d) Audit committee

ANSWER: D


3. With respect to the membership of an audit committee, which of the following is not a
requirement in terms of the Companies Act? TOPIC 5

a) Each member must be an executive director of the company
b) At least one third of the members of the audit committee have academic qualifications
or experience in economics, law, accounting, corporate governance
c) The committee should consist of at least three members
d) Shareholders must appoint the audit committee at each annual general meeting

ANSWER: A


4. Which of the following groups would be eligible to be a member of the audit committee of
a company? TOPIC 5

a) Material suppliers of the company
b) Material customers of the company
c) An individual who served as an executive director four financial years ago.
d) Individuals involved in the day-to-day running of the company


ANSWER: C

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller UniDocs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.76. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52355 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.76
  • (0)
Add to cart
Added