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The auditors are appointed by the audit committee which consists of board members who are non executive directors i.e. they are not involved in the day to day r
by jsmith99 4y ago
The auditors are appointed by the audit committee which consists of board members who are non executive directors i.e. they are not involved in the day to day running of the company and so theoretically should be independent and interested in uncovering any wrongdoing by management.
- Jolter 4y agoExactly — the auditor is appointed to represent the interests of the shareholders, not the executives. At least, that’s the way it is supposed to work.