Section 409 CAMA 2020 Section 409 Companies and Allied Matters Act is about Removal of auditors. It is under Chapter 15 (Audit) of the Act. (1) A company may by ordinary resolution remove an auditor before the expiration of his term of office, notwithstanding anything in any agreement between it and him. (2) Where a…

Section 408 CAMA 2020 Section 408 Companies and Allied Matters Act is about Renumeration of auditors. It is under Chapter 15 (Audit) of the Act. (1) The remuneration of the auditors of a company— (a) in the case of an auditor appointed by the directors, may be fixed bythe directors ; or (b) shall, subject…

Section 407 CAMA 2020 Section 407 Companies and Allied Matters Act is about Auditors’ duties and powers. It is under Chapter 15 (Audit) of the Act. (1) The company’s auditors shall, in preparing their report to carry out such investigations as may enable them to form an opinion whether— (a) proper accounting records have been…

Section 406 CAMA 2020 Section 406 Companies and Allied Matters Act is about Improper influence on conduct of audit. It is under Chapter 15 (Audit) of the Act. (1) It shall be an offence for any officer, insider, director of a company, or any other person acting under the direction of such officer, insider or…

Section 405 CAMA 2020 Section 405 Companies and Allied Matters Act is about Corporate responsibility for financial reports. It is under Chapter 15 (Audit) of the Act. (1) The chief executive officer and chief financial officer of a company other than a small company or persons performing similar functions shall certify in each audited financial…

Section 404 CAMA 2020 Section 404 Companies and Allied Matters Act is about Auditors’ report and audit committee. It is under Chapter 15 (Audit) of the Act. (1) The auditors of a company shall make a report to its members on the accounts examined by them, and on every balance sheet and profit and loss…

Section 403 CAMA 2020 Section 403 Companies and Allied Matters Act is about Qualification of Auditors. It is under Chapter 15 (Audit) of the Act. (1) The provisions of any Act establishing a body of accountants shall have effect in relation to any investigation or audit for the purpose of this Act and none of…

Section 402 CAMA 2020 Section 402 Companies and Allied Matters Act is about Exemption from audit requirement. It is under Chapter 15 (Audit) of the Act. (1) A company is exempt from the requirements of this Act relating to the audit of accounts in respect of a financial year if— (a) it has not carried…

Section 401 CAMA 2020 Section 401 Companies and Allied Matters Act is about Appointment of auditors. It is under Chapter 15 (Audit) of the Act. (1) Every company shall at each annual general meeting appoint an auditor or auditors to audit the financial statements of the company, and to hold office from the conclusion of…

Section 400 CAMA 2020 Section 400 Companies and Allied Matters Act is about Power to alter accounting requirements. It is under Chapter 14 (Financial statements, audit and accounting records) of the Act. The Minister may after consultation with the Financial Reporting Council of Nigeria by regulations in a statutory instrument— (a) add to the classes…