Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25

- Free Preparation Discussions

CIMA Exam CIMAPRA17-BA3-1 Topic 1 Question 64 Discussion

Actual exam question for CIMA's CIMAPRA17-BA3-1 exam

Question #: 64
Topic #: 1

[All CIMAPRA17-BA3-1 Questions]

An external audit is an independent examination of, and expression of opinion on the financial statements of an entity.

Who of the following appoints the external auditor?

AThe Board

BFinance director

CShareholders

DChief operating officer

Show Suggested Answer

Suggested Answer: A

by Ettie at Jan 07, 2023, 05:24 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA3-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Tammara

9 days ago

The chief operating officer? Really? That's like asking the fox to guard the henhouse!

upvoted 0 times

...

Yasuko

16 days ago

Wait, isn't it the Board that appoints the external auditor? I thought that was a standard corporate governance practice.

upvoted 0 times

...

Elmer

17 days ago

I'm pretty sure the finance director is the one who appoints the auditor. They're in charge of the finances, after all.

upvoted 0 times

Emerson

4 days ago

B) Finance director

upvoted 0 times

...

Vonda

6 days ago

A) The Board

upvoted 0 times

...

...

Gerardo

18 days ago

Actually, I believe it's the shareholders who appoint the external auditor because they have a vested interest in the financial statements.

upvoted 0 times

...

Felice

19 days ago

The shareholders definitely appoint the external auditor. That's a no-brainer!

upvoted 0 times

...

Lajuana

20 days ago

I agree with Ressie, the Board is responsible for appointing the external auditor.

upvoted 0 times

...

Ressie

22 days ago

I think the Board appoints the external auditor.

upvoted 0 times

...

az-700 pass4success az-104 200-301 200-201 cissp 350-401 350-201 350-501 350-601 350-801 350-901 az-720 az-305 pl-300

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77