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You are the audit senior of Makeshift Auditors. A group of trainees auditors under you need orientation and briefing on what is expected of them

You are the audit senior of Makeshift Auditors. A group of trainees auditors under you need orientation and briefing on what is expected of them as they carry out their duties. Your first task is to explain to the them the relevance of the Companies Act and the Close Corporation Act. a. Write out presentation notes to them explaining the Act to them. Clearly highlight the relevant sections applicable to them as auditors and the sections that apply to the clients/auditees. (30 marks) b. Briefly explain the Close Corporation Act to your audit trainees as well and highlight the most important provisions they should know when auditing CCs.(20 marks)

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