Tag (SQ): Auditors

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AAA – L3 – SA – Q4.3 – Professional responsibility and liability

Who is primarily responsible for detecting fraud in a company?

Question

Who has the main responsibility for detecting fraud in a company?

A Senior management

B The external auditors

C The police authorities

D The internal auditors

Answer

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Tags: Auditors, External Audit, Fraud Detection, Internal Audit, Management, Professional Ethics, Responsibility
Level: Level 3

Topic: Professional responsibility and liability

BCL – L1 – Q85 – Company directors and other officers

Grounds for terminating an auditor’s appointment in a company.

Question

On what grounds can an auditor’s appointment be terminated?

Answer

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Tags: Auditors, Company Governance, Legal Responsibilities, Termination
Level: Level 1

Topic: Company directors and other officers

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