AA – L2 – SA – Q5.1 – Director Responsibilities

Identifying non-director responsibility.

Question

Which one of the following is not a director’s responsibility?

A To inform the auditor of the date of the audit

B To keep proper accounting records

C To prevent fraud and error

D To supply information and explanations to the auditor

Answer

Explanation:
Under the Companies Act, 2019 (Act 992), directors are responsible for keeping proper accounting records, preventing and detecting fraud and error, and supplying information and explanations to the auditor. Informing the auditor of the audit date is not a statutory responsibility of directors, as audit scheduling is typically managed by the auditor or agreed upon with management. Option A is the correct answer.

Tags: Companies Act, Corporate Governance, Director Responsibilities, ICAG
Level: Level 2

Topic: Regulatory Framework and Audit Responsibilities

Uploader: Salamat Hamid