Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Law & Ethics Expert

problem1. The Companies Act 2001 is built upon a number of Fundamental principles which permeate its numerous sections and schedules.  List and describe these principles.

problem2. The directors of Mido ltd, a newly formed company have written to Mr. Ben, FCCA with a view to securing his services as auditor. In their letter they have included the following comments:

“Your duties and rights as auditor will be determined by the board of our company. In the main, the duties are in line with the requirements of Companies Act 2001 but in the event of conflict or exclusion we will indemnify you against any legal action brought as a consequence of the position adopted. The Board also retains the right to dismiss you at any time devoid of necessarily disclosing the reasons for their action”.

Required:

i. describe your understanding of Mr. Ben’s duties as auditor of Mido ltd.

ii. What is Mr. Ben’s relationship as the auditor to the directors of Mido ltd?

iii. Outline Mr. Ben’s rights under the Companies Act 2001 as auditor of Mido ltd.

iv. Would you agree with the directors which they have the authority to dismiss Mr. Ben?

v. What steps should Mr. Ben take prior to accepting the appointment as auditor with company?

Business Law & Ethics, Finance

  • Category:- Business Law & Ethics
  • Reference No.:- M96175

Have any Question? 


Related Questions in Business Law & Ethics

In a 3- page analysis paper address the following describe

In a 3- page analysis paper, address the following: Describe the type of service you have selected. Briefly explain the related laws that govern the practice of the selected service. Discuss the specific ethical standard ...

Discussion response at least 275 words to the message below

Discussion response at least 275 words to the message below including cited information and any information to support your response. Where does court consolidation differ from court restructuring? How does court consoli ...

Business law assignment questionsquestion 1 -the university

BUSINESS LAW ASSIGNMENT QUESTIONS Question 1 - The University of Millennia called for tenders for supplies of green seed for its surrounds, with a closing date of 1 June. The following tenders were submitted: Greenland h ...

Organized crime and criminal investigationrespond to the

Organized Crime and Criminal Investigation Respond to the following questions: What are the attributes of an organized crime group? What is R.I.C.O.? What types of groups have been prosecuted under R.I.C.O.? How are crim ...

Assignment the importance of probation and parole in the us

Assignment: The Importance of Probation and Parole in the US Criminal Justice System This module discusses the historical origins of probation and parole and how societal values have influenced and continue to influence ...

Prepare your 1500 word final proposal that focuses on how

Prepare your 1,500 word final proposal that focuses on how you will use your education to improve the criminal justice system at the federal, state, county, or city level. This should not be an outline or draft but a com ...

In the final assignment for this class you will research a

In the final assignment for this class, you will research a court case in which the defendant is charged with "honest services fraud". This type of crime is referred to in a 28-word sentence of 18 U.S.C. § 1346 (the fede ...

Star trek - enterprise cafeyour cafeacute has now been

STAR TREK - ENTERPRISE CAFE Your Café has now been operating for 12 months and you decide to have a first-year anniversary party called "TREKKY CELEBRATION" You have invited 100 people and have asked them all to dress as ...

Visit the united states consumer product safety commission

Visit the United States Consumer Product Safety Commission website. Click on Recalls. Choose one product that has been recalled. 1. Describe the product subject to recall, including the recall date, recall number, and th ...

Business law written assessment -case study 1saber a

BUSINESS LAW WRITTEN ASSESSMENT - Case Study 1: Saber, a business student at CQU, walked into his local game store and saw a copy of the latest game, Marsattack: Metal Squad, with a price tag that said "$6.99". Saber kne ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen