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Company Secretary, Auditors – ACCA Corporate and Business Law (LW) (ENG)

VIVA

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  1. Thanks for this lecture Mike. When you mention that a partner cannot be his company’s auditor, is this the same as saying “a shareholder cannot be the auditor if the company” ? However you mention the director’s employer is allowed to be the auditor- could it happen that the director’s employer is a shareholder? Thanks for the clarification.

  2. Haha! Qualitatititititatively… studying on a Sunday morning, this made my day XD

    Thanks for a great lecture as always Mike (or whoever is looking after these pages nowadays – please pass thanks on).

  4. For our purposes the words ‘members’ and ‘shareholders’ are synonymous

    Strictly speaking, this is technically incorrect but for the ACCA LW paper you can take it that these two words are interchangeable

    Who are the directors? These are the people elected by the members / shareholders to run the company on behalf of the members / shareholders

    These directors may or may not also be members / shareholders in their own right (and most commonly ARE) but it’s not automatically the case that directors are also members / shareholders

    OK?

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