As a General Rule, the Auditor Is Appointed by the Shareholders

question 7

Multiple Choice

As a general rule, the auditor is appointed by the shareholders at the annual general meeting. Which of the following is not true concerning the appointment of an auditor?

• A) In practice the shareholders generally accept the recommendations of the directors concerning the appointment
• B) the appointment stands for 12 months until the next annual general meeting
• C) the company is liable to pay reasonable fees and expenses of the auditor.
• D) an auditor ceases to hold office after a company goes into liquidation.

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Definitions:

Diagnosis Code

A standardized value used to classify a diagnosis for purposes such as billing and health records, often based on systems like ICD-10.

Produce a Flag

The action or process of creating or manufacturing a flag.

EHR System

Electronic Health Record System; a digital version of a patient's paper chart, making health information instantly accessible and shareable to authorized users.

Document

A written, typed, or electronic form of communication or piece of information.