Three Key Groups Associated with Companies Are Directors, Shareholders and Auditors

question 19

Essay

Three key groups associated with companies are directors, shareholders and auditors.
a. Explain the relationship between these three groups.
b. Define a reporting entity and a disclosing entity.

---

Definitions:

Educational Development

The process of acquiring knowledge, skills, and competencies through formal schooling, training, or practical experiences.

Education

The systematic process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Expatriates

Employees assigned to work in another country.

Parent Country

The country where a multinational company is headquartered or originally from, in contrast to the countries where it operates branches or subsidiaries.