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

Question

Quizplus · Accepted Answer

The auditors of a company are typically appointed by the shareholders, not the directors, to ensure independence in the audit process. This is a key aspect of corporate governance, aiming to provide an unbiased examination of the company's financial statements.

Which Statement in Relation to a Company Is Not Correct