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From the notes- Auditors can resign by giving written notice and a statement of circumstances to the company.
A statement of circumstances explains why they have resigned. Written notice must also be sent to the regulatory authority and the members by the company.Is the statement of circumstances sent to the company or the members? who are the regulatory authority? and do the auditors need to send statement of circumstance to the regulatory aunthority as well or a written notice is enough?
The exam does not require a lot of detail here because there is only one syllabus for all students. In practice the detail would depend on jurisdiction which is not examinable.
It’s sent to the company and the company must send to individual members. (Consider that a company may have 000s of members, so anything else would be impractical. )
The regulatory authority will be the one that deals with companies registrations etc. Which is the Registrar of Companies in the UK, for example.
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