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General Business Quiz
1. Excel spreadsheet can normally do the following except:
 
Round up figures to the nearest pound
Quick search on cells
Calculate amount of VAT using formula
Automatic update for changes in tax rates
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Removal of auditors

 

A company can remove an auditor from office by an ordinary resolution at general meeting. Special notice of 28 days is required, as an auditor other than the retiring auditor will be appointed. Auditors cannot be removed outside of general meeting, even with a unanimous resolution. The auditor has a right to receive notice of the resolution and to make representations to the shareholders (also commonly referred to as members) in writing.

As with resignation, the representation should be forwarded to shareholders or may be read out in general meeting if received too late to be included with the notice of meeting. The auditor has the right to attend and be heard at the meeting, and at any general meeting where his term of office would otherwise have expired or where it is proposed to fill the auditor vacancy.

Within 14 days of the resolution being passed, the company must send notice of the resolution to the registrar and the auditor must deposit a statement of circumstances at the company’s registered office.

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Testimonials

Our company recent expansion plan to UK market has been successfully carried out. Concise Accountancy has been recommended to us from a business contact, they assisted us to set up a UK trading arm and providing us with on-going accountancy needs.

Our finance department is happy with their service; they are fast, efficient and never failed to meet our reporting dateline.

Mr. Phillip Andrews, Chairman