302 19: Other company officers Part F Management, administration and regulation of companies
Answers to Quick Quiz
1 True. Sole directors cannot be company secretaries. Private companies are not legally required to have a
company secretary.
2 Any of:
(1) Is an officer/employee of the company being audited
(2) A partner or employee of a person in (1)
(3) A partnership in which (1) is a partner
(4) Ineligible by (1), (2) and (3) to be auditor of any of the entity's subsidiaries3 C. A degree is not a recognised qualification for acting as a company secretary.4 False. Although its turnover and balance sheet total suggest the company is small and exempt from audit,
the company is a plc and therefore the exemption does not apply. Zee plc must have an audit.5 B. An ordinary resolution with special notice is required to remove an auditor of any company.(^) Now try the questions below from the Practice Question Bank
Number
42, 43