Day: January 7, 2022

Introduction Auditing is usually carried out by qualified accountant who must be registered as accountants. Accountancy is a profession and as such must be guided by code of ethics and rules of conduct. The rules of conduct are usually found Read More …

Section 157 of the Companies Act states that: (1) There shall be attached to every balance sheet laid before a company in general meeting a report by the directors with respect to the state of the company’s affairs, the amount, Read More …

Section 153 of the Companies Act Cap 486 states that: (1) A holding company’s directors shall ensure that except where in their opinion there are good reasons against it, the financial year of each of its subsidiaries shall coincide with Read More …

Section 152 of the Companies Act Cap 486 states that: (1) The group accounts laid before a company shall give a true and fair view of the state of affairs and profit or loss of the company and the subsidiaries Read More …

Section 151 of the companies Act Cap 486 states that: 1. Subject to subsection (2), the group accounts laid before a holding company shall be consolidated accounts comprising – a consolidated balance sheet dealing with the state of affairs of Read More …

Section 150 of the companies Act Cap 486 states that: (1) Where at the end of its financial year a company has subsidiaries, accounts or statements (in this Act referred to as group accounts) dealing as hereinafter mentioned with the Read More …