Which of the Following Is a Correct Statement with Respect

question 10

Multiple Choice

Which of the following is a correct statement with respect to a listed company?

• A)The Australian Securities and Investments Commission does not have to be given notice of the removal of an auditor.
• B)An auditor of a public company does not have to have the approval of the Australian Securities and Investments Commission to resign.
• C)An auditor of a public company must be appointed within three months of incorporation.
• D)The Australian Securities and Investments Commission will only allow the auditor to resign other than at the annual general meeting in exceptional circumstances.

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Definitions:

Sample Space

The set of all possible outcomes or results in a probability experiment.

Mutually Exclusive

A statistical term describing events that cannot happen at the same time; each occurrence is independent and prevents any other from happening concurrently.

P(A ∩ B)

Represents the probability of both event A and event B occurring simultaneously.

Likelihood

The probability of a set of data or observed outcomes given a particular model or hypothesis.