group audit

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October 16, 2018 at 4:05 pm #478770
iza1
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the component auditors are appointed by the group audit team right. for a newly acquired subsidiary if they already have an auditor will that auditors be removed and the group will appoint new component auditor?
October 16, 2018 at 6:46 pm #478819
Kim Smith
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No – auditor’s are appointed by the shareholders of the company (on the recommendation of management).
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