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COMPANY AUDITOR - Coggle Diagram
COMPANY AUDITOR
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Negligence of an auditor
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- Did the auditor owe any duty of care?
- Did the auditor breach his duty?
[Case: RE Thomas Gerrard and Son Ltd. (1967)]
- Did the auditor's failure cause loss to the plaintiff?
[Case: Daniels v Anderson (1995)]
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Who may be an auditor
He or his spouse must not be an officer of the company and he must not be a partner,employer or employee of an officer of the company
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He must be at least 21 years old,he must be fit and proper person,not disqualified by the court,Sec 263(10),Sec 263(2)
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Sec 266:The company act provides for compulsory appointment of auditor to check the company's affairs and report them to shareholders.