Assignment Solution ACC311
(Fundamentals of Auditing) Fall 2019
Due Date: 29 November, 2019
According to Companies Act 2017 [Section 247], the person who is a partner or employee of a director, other officer or employee of the company cannot be appointed as auditor. So, the appointment of M/s Shafee & Co as external auditor is not legally permissible as Mr. Waseem – director of Barkat enterprises is also a partner of M/s Shafee & Co
According to Companies Act 2017 [Section 247], the public company having paid up capital of three million or more must hired the chartered accountant or chartered accountancy firms as external auditors. So, the appointment of Nabi Associates as external auditor is legally permissible as MTM (Pvt) have 3.2M paid up capital.
According to Companies Act 2017 [Section 247], the person who is a spouse of company’s director cannot be appointed as auditor. So, the appointment of Mr. Ahsan’s company as external auditor is not legally permissible as Mr. Ahsan is a spouse of company’s director i.e. Miss Sara.
As per Companies Act 2017 [Section 247], a persons who is Present directors, other officer or employees of the company or who held these offices during the last three years cannot be appointed as external auditor. So, Mr. Shahbaz cannot be appointed as external auditor as he holds the company office as an officer in preceding 2 years.
Mr. Zeeshan cannot be appointed as external auditor of Hussain Enterprises as he is still employee of the company which is against the conditions of Companies Act 2017 [Section 247] for appointment of auditors.
BT101 Assignment 2 Solution and Discussion
BT101: Ecology, Biodiversity & Evolution
Assignment No. 2
Due Date: 19 Jan 2020
“Please prepare an audio introduction file through any available device. Preferably Sound recorder of the Windows”
• Total time of audio introduction will be 5 minutes.
o Course name and code (30 sec) (Very Important)
o Your Introduction (2 minutes)
o Your academic Background (1 minute)
o Views about course (1 minute)
o Expectations about the course ( 30 sec)
• This assignment carries 5 marks.
• “Audio Introduction file” should be uploaded on LMS not later than 19 Jan 2020
DO NOT send the assignment thorough email. Assignments submitted through email will result in no marks.
Instructions for audio recording through Sound recorder of the windows
• Open Windows Search
• Write “Sound recorder” in the search bar and click enter
• Select the program “Sound recorder” Open it and start recording.
• Save the file and send it through the LMS.
This assignment will help you to develop presentation skills and strengthen you to present yourself in front of audience.