Which statement in relation to a company is not correct?
A)The directors are required to report to the shareholders by means of financial statements.
B)The directors are appointed by the shareholders.
C)If the accounts are required to be audited, the auditors are appointed by the directors.
D)None of the above, i.e., all are correct statements.

Question

Quizplus · Accepted Answer

If the accounts are required to be audited, the auditors are appointed by the shareholders and not by the directors. The directors may propose the appointment of auditors, but this appointment must be approved by the shareholders at a general meeting.

Which Statement in Relation to a Company Is Not Correct