Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sturdy Tents Sdn Bhd ('Sturdy Tents') is a company which manufactures tents. The company's issued share capital is 50,000 ordinary shares with a par value
- Sturdy Tents Sdn Bhd ('Sturdy Tents') is a company which manufactures tents. The company's issued share capital is 50,000 ordinary shares with a par value of RM1 per share. Lance is one of the shareholders in Sturdy Tents. He is unhappy with the fact that Sturdy Tents engages the services of the same auditor for the past ten years. He thinks it is necessary for the company to appoint a new auditor. Based on the above facts, answer the following questions:
a. Discuss the law on appointment and removal of auditors.
b. Explain the roles of an auditor under the Companies Act 2016. Do you agree with Lance that Sturdy Tents should change its auditor? Why?
c. Explain the rights and privileges afforded by the Companies Act 2016 to an auditor to assist them in carrying out their duties.?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started