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Who may act as auditor

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Who may act as auditor

  • This topic has 4 replies, 2 voices, and was last updated 9 years ago by anu1234.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • August 27, 2015 at 4:03 pm #268799
    anu1234
    Member
    • Topics: 78
    • Replies: 65
    • ☆☆

    someone directly authorised by the state to act as auditor means

    August 27, 2015 at 7:55 pm #268835
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10597
    • ☆☆☆☆☆

    I don’t understand your statement/question.

    August 28, 2015 at 4:46 am #268878
    anu1234
    Member
    • Topics: 78
    • Replies: 65
    • ☆☆

    To be eligible to act as auditor, a person must be:
    • a member of a Recognised Supervisory Body (RSB), e.g. ACCA, and
    allowed by the rules of that body to be an auditor or
    • someone directly authorised by the state.

    What does it meant to be directly authorised by the state ? Can you give an example

    August 28, 2015 at 9:53 am #268915
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10597
    • ☆☆☆☆☆

    I can’t give an example because I don’t know of one.

    It means that the responsible government minister/department could in theory directly authorise someone who is not a member of ACCA, ICAEW, ICAS or another RSB. I can’t think why the government would want to do that, but the power is there if needed.

    August 28, 2015 at 2:56 pm #268948
    anu1234
    Member
    • Topics: 78
    • Replies: 65
    • ☆☆

    That’s what i wanted to know. Thanks 🙂

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