problem 1: The Companies Act 2001 is built on a number of basic principles which permeate its many sections and schedules. List and in brief describe five of these principles.

problem 2: List ten main changes brought regarding by the Companies Act 2001.

problem 3: Give details of accounting records which are needed to be kept by a company in accordance with the provisions of section 193 of the Companies Act 2001.

problem 4: What professional qualifications should an auditor of a company other than a mall private company possess?

problem 5: Who shall not be appointed or shall not act as an auditor of a company?

problem 6: Are tax incentives inherently undesirable or more simply vulnerable to misuse? Describe this problem by considering arguments for and against the use of tax incentives.