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Auditors

Unit: Company law

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Practice CPA Company law Auditors questions with detailed answers and explanations.

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December 2025

 1 Questions
Question 3b
​​Examine FIVE duties of financial statements auditors


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August 2025

 1 Questions
Question 4b
​​ABC Ltd's auditor, Mary Keplimo, requested access to some of the company’s data to complete the annual audit. Despite multiple attempts, the management denied her access, citing confidentiality concerns. Mary reminded the management that her rights are protected under the law. 

Required: 
Explain to the management FIVE rights that Mary Keplimo reminded them about.


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April 2025

 2 Questions
Question 5a
​​Outline FIVE contents of an auditor’s annual report.


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Question 5b
​​Highlight SEVEN responsibilities of an auditor in your country during the audit process.


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December 2024

 1 Questions
Question 5c
​​Auditors may face civil liability when their clients or third parties suffer financial losses. 

 With reference to the above statement, examine FOUR circumstances where civil liability can arise.


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April 2024

 2 Questions
Question 6c
​​XYZ Ltd., a publicly listed company, is scheduled to hold its annual general meeting (AGM) next month. You have been requested to draft an agenda for the AGM and provide guidance on the legal requirements and procedures that must be followed. 

Required: 
Outline FIVE items that should be included in the agenda for XYZ Ltd.’s AGM, and explain the legal requirements and procedures associated with each item.


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Question 6b
​​Outline FIVE powers of a company’s external auditor.


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December 2023

 2 Questions
Question 6a
​​The role of auditing is undertaken by a person with the relevant competencies and independence to make appropriate judgment. 

 With reference to the above statement, identify SIX persons who are disqualified from appointment as auditors.


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Question 6b
​​Describe THREE rights of auditors of a company as provided for in the Companies Act in your country.


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August 2023

 1 Questions
Question 1b
​​Summarise any FOUR legal duties of a company’s external auditor.


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April 2023

 2 Questions
Question 4b
​​Outline THREE items contained in a company’s auditor report.


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Question 4a
​​The general rule is that an auditor is only liable to the company for professional negligence. Discuss THREE circumstances under which the auditor of a company might be liable to third parties for professional negligence.


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December 2022

 1 Questions
Question 6c
​​The role of a financial auditor is played by a person with the relevant competencies and independence to make appropriate judgement. 

 Identify FOUR persons who are disqualified from appointment as financial auditors.


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August 2022

 1 Questions
Question 7a
​​Discuss three ways through which a casual vacancy in the office of a company auditor might be filled.


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April 2022

 2 Questions
Question 3c
​​ Outline five rights of auditors under the Companies Act, which relate to company meetings.


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Question 6c
​​Members of a company might remove an auditor from office at any time by an ordinary resolution at a meeting. 

Discuss three legal requirements for such removal.


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Pilot December 2021

 3 Questions
Question 4c
​​Give four circumstances under which an auditor in office will not be considered as re-appointed if no appointment of an auditor is made at the end of a term of appointment.


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Question 4b
​​Explain three requirements for a notice by a company’s members’ statement about audit concerns


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Question 4a
​​Explain three rights of a company’s auditor in relation to a company’s general meetings.


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September 2021

 1 Questions
Question 7b
​​Summarise the procedure of filling a casual vacancy in the office of a company auditor.


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May 2021

 1 Questions
Question 1a
​​ XYZ Ltd. is a newly formed company which deals in manufacture and supply of stationery. The board of directors of XYZ Ltd. is composed of first time directors who are not conversant with company operations. Advise the board of directors of XYZ Ltd. with regards to auditors and specifically on the following: 

(i) Eligibility for appointment as a statutory auditor of a company.

(ii) Auditor's rights to information from foreign subsidiaries. 

(iii) Person mandated by law to provide an auditor with information or explanations as the auditor thinks necessary for carrying out their responsibilities.


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November 2020

 1 Questions
Question 5b
​​Discuss five rights of a financial auditor who is resigning from a company.


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November 2019

 1 Questions
Question 2b
​​With reference to external auditors:

(i) Highlight four ways in which the remuneration of the Company Auditor might be fixed.

(ii) Discuss three remedies available to a company whose auditor has been negligent.


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May 2019

 1 Questions
Question 4a
​​In the context of company auditors:

(i) Summarise the criteria used for the appointment of an eligible natural person or firm as a statutory auditor.

(ii) Describe four individuals who may not act as statutory auditors of an auditee company.

(iii) Outline four rights of an auditor of a company in relation to meetings.


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May 2018

 1 Questions
Question 4c
​​Explain the duties of company auditors under the following sub-headings: 

(i) Duties towards the company. 

(ii) Duties towards the general public.


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May 2017

 2 Questions
Question 4b
​​ Highlight four rights of an auditor in relation to resolutions and meetings.


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Question 4a
​​ Describe three instances when an auditor of a company might not be held liable to a third party for alleged professional negligence.


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November 2016

 1 Questions
Question 6a
​​The Companies Act provides that if no auditor has been appointed by the end of the next period for appointing auditors, any auditor in office immediately before that time is taken to be re-appointed at that time. 

With reference to public companies, summarise five exceptions to the above provision.


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May 2016

 1 Questions
Question 5b
​​Enumerate the rights granted to a company auditor to enable him perform his duties as an auditor.


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November 2015

 1 Questions
Question 5a
​​Outline four matters that are required to be expressed in an auditors' report.


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Pilot September 2015

 1 Questions
Question 5a
​​ Explain three grounds for removal of an auditor of a company.


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