Auditor Appointment Process Nepal
Summary
Auditors in Nepal are appointed by shareholders at the Annual General Meeting (AGM) as per the Company Act, 2063. If the AGM fails to appoint, the Board of Directors may do so, or government bodies in specific cases. Auditors examine financial statements for accuracy, report findings to shareholders, ensure compliance with laws and standards, and detect fraud.Full Conversation
Describe about the an Auditor appointment process by Company and duty of Auditor's as pre company act, *
Sure! Here's a brief overview:
Auditor Appointment Process (Company Act, * - Nepal):
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Appointment:
- Appointed by the shareholders at the Annual General Meeting (AGM).
- The Board of Directors may appoint an auditor if the AGM fails to do so.
- Government or regulatory bodies may appoint in specific cases.
Duties of Auditors:
- Examine Financial Statements:
- Verify accuracy and compliance with laws.
- Report Findings:
- Present a report to shareholders.
- Ensure Compliance:
- Check adherence to accounting standards and company policies.
- Fraud Detection:
- Identify any fraudulent activities.
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