explain the roles of directors of the company and the roles of auditors using the categories provided explain in three points ex

Question

Naily [24]

2 years ago

15

explain the roles of directors of the company and the roles of auditors using the categories provided explain in three points ex

clude executed non-executive

Business

1 answer:

Fed [463] · Answer 1 · 2022-11-09T21:28:45+03:00

Answer:

directors are the trustees of the company's money and property, and also act as agents in the transaction which they enter into on behalf of the company. Directors are liable as trustees for breach of trust, if they misapplied the funds or committed breach of byelaws of the company.

An auditor is an authorised personnel that reviews and verifies the accuracy of financial records and ensures that companies comply with tax norms. They primarily objective is to protect businesses from fraud, highlight any discrepancies in accounting methods, among other things.