The auditing profession is not regulated by

i$.$ The accounting standards

ii$.$ Legal requirements

iii. The auditing standards

iv$.$ Professional codes of conduct

v$.$ The stock exchange

vi$.$ The Special Anti$-$Crime Task Force

a$)$ i only.

b$)$ vi only

c$)$ iv only.

d$)$ v and iv only.

Which of the following reports is not a legal requirement of the Companies Act?

a$)$ Director's report

b$)$ Balance sheet

c$)$ Group Accounts

d$)$ Cash Flow statements

Answer True or False for each. Upon completion of audited accounts

a$)$ The financial statements must be approved by the board and the shareholders

b$)$ The profit & Loss account must be signed by two directors, on behalf of the board

c$)$ Copies must be delivered to the registrar of companies

An auditor to a limited company should be:

a$)$ an officer of the company

b$)$ a person appointed by the shareholders

c$)$ a body corporate

d$)$ a person recognized by the Department of Trade