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AUE1601 SUMMARISED NOTES 2022/2023 P a g e | 1 Topic 2: Interpretation, purpose, application and formation of a company Study unit 2.1 Related and interrelated persons, and control (Sec 2) and Subsidiary relationships (Sec 3)  Consanguinity: blood relationship o First degree: children (incl. adopted) and parents o Second degree: brother, sister, grandparents, grandchildren – there is at least one generation between you and a person related to you in the second degree  Affinity:...

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AUE1601 ASSIGNMENT 1 ANSWERS YEAR 2021

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AUE1601 - Legal Aspects In Accountancy Study Notes. Which one of the following statements is false in terms of the Companies Act? (a) A Memorandum of Incorporation and a record of the company directors form part of the company records that every company must maintain. (b) A private company does not have to be audited at all. (c) The annual financial statements of a public company must be audited. (d) A public company must appoint a company secretary who must be a permanent resident of the ...

AUE1601 SUMMARISED NOTES P a g e | 1 Topic 2: Interpretation, purpose, application and formation of a company Study unit 2.1 Related and interrelated persons, and control (Sec 2) and Subsidiary relationships (Sec 3)  Consanguinity: blood relationship o First degree: children (incl. adopted) and parents o Second degree: brother, sister, grandparents, grandchildren – there is at least one generation between you and a person related to you in the second degree  Affinity: due to v...