Question

(11
Explain the roles of directors of the company and
the roles of auditors using the categories
provided, explain in THREE points
Roles of directors
Executive
Non-Executive
Roles of Auditors
Internal
External /Independent​

Answer 1

Explanation:

Accordingly, directors are the trustees of the

company's money and property, and also act as agents in the transaction which they enter into on behalf of the company. Directors are liable as trustees for breach of trust, if they misapplied the funds or committed breach of byelaws of the company.

Auditor Job Duties:

Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation. Verifies assets and liabilities by comparing items to documentation. Completes audit workpapers by documenting audit tests and findings.