Class Notes (835,294)
Canada (509,074)
Management (767)
MGT321H5 (16)
Lecture

lecture 5

2 Pages
143 Views
Unlock Document

Department
Management
Course
MGT321H5
Professor
Schneider, M
Semester
Fall

Description
CLASS FIVE Legal Liability of Auditors Extract Business Corporations Act Annual Financial Statements A meeting must be held annually to present to the shareholders i) Comparative financial statements (this periods and the last) ii)The report of the auditor, if any iii)Any information regarding the financial position of the corporation Approval of financial statements The directors of a corporation must approve the financial statements and of all its contents Qualification of auditor An auditor must be independent from the corporation in order to perform an audit Independence must be a fact Dispensing with auditor The shareholders of a non-distributing corporation may decide not to have an auditor Examination The auditor of a company shall me the examinations necessary to obtain s&a audit evidence to provide an opinion about the fss Reliance on another auditor An audi
More Less

Related notes for MGT321H5

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit