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Audit and Assurance - Coggle Diagram

- - - - Incorporation
    - - Run by Managers, Not Owners
      - Limited Liability
    - - Protect the Owners from
        Greedy Managers
    - - Independent Check
  - - - Individuals
      - Firms
    - - Excluded by Law
      - Excluded by Ethics
  - - - Members of Company
        
        Directors Appoint First Auditors
        
        AGM Approval
        
        Renewed every end of AGM
        
        No AGM? - Automatic Annual Reappointment
    - - Majority in General Meeting
        
        Special notice by Law
        
        Resignation
  - - - Access to all the Books and Records
      - Information and Explanation from the Officer of the Company
      - Receive notice of and attend company meetings
      - Speak at such meetings
      - Receive copies of any written resolutions of the company
      - Requisition an Extraordinary General Meeting (EGM) on resignation
      - Require notice of circumstances relating
        to resignation to be circulated.
    - - is FS is True and Fair view and have been Properly Prepare
- - - - Practitioner
      - Intended User
      - Responsible Party
  - - - Evidence need to support the Subject
      - Negative Statement of Conclusion
    - - Work to be able to draw reasons,
        but not conclusions
      - Subject Matters
      - Report in Positive Statement of Option
      - Sufficient and Decisive Evidence