Auditors

Annual General Meeting (AGM)
An Annual General Meeting (AGM) is a mandatory yearly gathering of a company's interested shareholders. It addresses critical governance and financial matters, including the presentation of the company's accounts, director and auditor reports, dividend recommendations, election of directors, and appointments of auditors.
Dormant Company
A dormant company is an entity that has had no significant accounting transactions during the accounting period in question and therefore is exempt from certain financial and auditing obligations.
Independence of Auditors
The foundational element ensuring that auditors maintain their integrity and provide objective professional and business judgments in their work. Specific threats to this independence are extensive and regulated by both legislation and professional bodies.
International Ethics Standards Board for Accountants (IESBA)
The International Ethics Standards Board for Accountants (IESBA) is an independent body that develops and issues ethical standards for accountants and auditors worldwide.
Relevant Accounts
Relevant accounts are those financial statements that should be used to determine the amount of distributable profit of a company. These accounts are the most recent audited annual accounts of the company, prepared in compliance with the Companies Act.
Statutory Audit
A statutory audit is an examination of a company’s financial statements and records, as mandated by regulatory bodies to ensure fairness and accuracy.

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