- 1 Marks
Question
…………………. appoints the first statutory auditors of a company.
A. Audit Committee
B. Finance Executive
C. Company Secretary
D. Board of Directors
E. Shareholders
Answer
D
Explanation:
Option D is correct because the “Board of Directors” typically has the authority to appoint the first statutory auditors of a company. This responsibility is part of the board’s duties in managing the company’s affairs and ensuring compliance with legal requirements.
- Tags: Appointments, Company Law, Legal Framework, Statutory Auditors
- Level: Level 1
- Topic: Company Law
- Series: MAY 2023
- Uploader: Theophilus