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Appointment of the External Auditor

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  • How external auditors are appointed?

    External auditors are independent auditors appointed by the company's shareholders; they usually belong to Certified Public Accountant Firm (CPA) to help remove any bias in the company's financial review.22 fév. 2021

  • What are the methods of appointing an external auditor?

    Engagement of External Auditors
    One of the duties of the Audit Committee (AC) is to make recommendations to the Board on the appointment and reappointment of external auditors.
    In addition, the AC should review the external auditors' fees and make appropriate recommendations to the Board for approval.

  • What is appointment of an auditor?

    The Auditor's appointment is a vital procedure for a company as it makes sure about the transparency and accuracy of the company's financial statements.
    An auditor is an independent professional who is appointed to measure the company's financial statements.

  • The external auditor (not the internal auditor) is normally selected by the audit committee for public companies and those charged with governance for nonpublic companies.
    The external auditor is an audit firm that is a 3rd party, such as PwC, Deloitte, E&Y, KPMG, etc.
22 fév. 2021 · 1. The External Auditor must be appointed by shareholders following a call for tender, under the conditions and subject to the terms of  Autres questions

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Appointment of the External Auditor