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who appoints the auditors?

Former userFormer user5y ago

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KimKimTutor5y ago#1
If this is something you have heard said I think what it means is that the directors effectively appoint the auditors because the directors make the recommendation who to appoint and members/shareholders simply accept the recommendation - or maybe the directors hold more than 50% of the voting rights in any case. It may be traditional in some countries for a company's shares to be owned only by family members (e.g. Italy).
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