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Solutions to the conflict - Relationship between Auditors and Shareholders
1. Firing
The auditors may be detached from office at the AGM via the shareholders.
2. Legal action
Shareholders be capable to institute legal proceedings against the auditors who question misleading reports leading to investment losses.
3. Disciplinary Action - ICPAK
Professional bodies have disciplinary methods and measures against their members who such are comprised in un-ethical practices. Hence disciplinary actions may comprise of:
4. Employ of audit committees and audit reviews.
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Central Depository System or C.D.S Its computerized ledger systems which enable the transfer or holding of securities with no necessitate for physical movement. The shares or
Ask question #Minimum what are the challenges that a finance manager may face?
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