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AUDITING BAC2664 Question 1 SVR Berhad, was incorporated on 1st January 2007 in act out to manufacture mini and micro computers. The Board of Directors is unsure as to their responsibilities, and the nature of their relationship with the immaterial auditors. The audit partner of HRM and Partners has asked you to empty words the client and explain to the directors their responsibilities and the more fundamental aspects of the accountability of the connectedness and their relationship with the auditor. Required: develop to the board of directors of SVR Berhad: (a) Why at that place is a take for an audit; (5 marks) (b) How the auditor of a human beings club whitethorn be nominateed under the CA 1965; (5 marks) (c) What the auditors powerfuls are under the CA 1965; (6 marks) (d) The right of the directors in relation to the report functions of the client.

(4 marks) (20 marks) Answer a) (i) ensure financial statements suggest a true and fair(a) view (ii) separation of ownership and control (iii) direct for stewards/directors to be accountable to shareholders/owners, and overly to other parties (iv) CA 1965 requirements tucker been met v) company has maintained decent books and registers b) Auditor appointed: i) On commencement of a bare-ass company, by the directors ii) at for to severally one one GM at which financial statements are presented, the company shall appoint at each AGM (by the shareholders) iii) appointment is for the period of cartridge holder tenure of office, i.e., AGM to AGM...If you necessity to get a generous essay, decree it on our website: Ordercustompaper.com

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