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'Member'

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › 'Member'

  • This topic has 1 reply, 2 voices, and was last updated 10 years ago by Ken Garrett.
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    Posts
  • April 15, 2015 at 3:09 pm #241385
    dave
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    From Chapter 3 – Auditors’ Rights, Appointment, Removal and Resignation

    ‘Auditors are appointed by the members every year.

    May I double check with you which ‘member’ refers to? Is it the ACCA members?

    How do member appoint the auditors? Also, the directors are able to appoint auditor if an auditor resigns prior to the first annual general meeting.

    Hope it can clarify my understanding of ‘members’.

    April 15, 2015 at 6:06 pm #241423
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10607
    • ☆☆☆☆☆

    No it is the members of the company: its shareholders.

    Directors can appoint an emergency auditor, but only until the next AGM where the members (shareholders) have to vote on it.

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