statutory auditor

A statutory auditor may be any person who is not an employee or director of the company.

The bill would require that at least one statutory auditor have no previous links with the company.

The draft also aims to revive the system of 'statutory auditors'.

Statutory auditors are elected by shareholders and hold a position in the hierarchy alongside the board of directors.

Generally, the power to bring actions against the directors on the corporation's behalf is granted to the statutory auditor.

But, the judge said, such matters did not fall within the scope of the duty of a statutory auditor.

In regard to the statutory auditor's role, there is no specific Community directive regulating all its legal aspects.

Statutory auditor in Japanese corporations, an elected official alongside the Board of the company.

The company must state the name of the senior statutory auditor in copies of the auditors' report which it publishes.

Statutory auditors report to the shareholders, and are empowered to demand financial and operational reports from the directors.

Close K.K.s may also have a single person serving as director and statutory auditor, regardless of capital or liabilities.

Directors and corporate officers (but not statutory auditors) may be granted shihainin status in addition to any other titles they hold within the company.

He is statutory auditor for joint-stock companies, an arbitrator, and a party-appointed expert witness.

The statutory auditor of a PLC reports on financial statements produced by management for shareholders.

Copies of the report delivered to the Registrar must state the names of the audit firm and the senior statutory auditor.

This article mostly deals with the independence of the statutory auditor (commonly called external auditor).

Statutory auditors have several functions:

The Ernst & Young is the statutory auditor of Maytas Properties.

If the auditor is a firm, the senior statutory auditor signs on behalf of the firm and dates the signature.

If an auditor's report is attached to the accounts, it must give the senior statutory auditor's name and should be signed and dated.

Where the auditor is a firm, the senior statutory auditor must sign the original auditor's report in his own name on behalf of the firm.

The recommendation on the limitation on the civil liability of statutory auditors is part of a strategy to reduce the concentration in the auditing market.

A kabushiki kaisha must have at least one statutory auditor, unless the transfer of shares is restricted in the articles of incorporation.

Each SPC must have at least one director and at least one statutory auditor.

Securities companies must be organized as kabushiki kaisha with a statutory auditor or auditing committee, and must maintain minimum shareholder equity of 50 million.