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Reports and audit

Unit 8: Law of Company and InsolvencyTopic 2 of 3
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Business Law

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What the syllabus expects

  • Legal provisions concerning the board of directors' report
  • Appointment and removal of auditor

Reports and audit

Bachelor of Business Studies (BBS) — Third Year

Subject: Business Law (MGT 204)

Unit 8: Law of Company and Insolvency

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of reports and audit.
  • Identify the relevant legal concepts, distinguish parties' positions and analyze a syllabus-based case using the specified legal materials.

Curriculum Scope

  • Legal provisions concerning the board of directors' report
  • Appointment and removal of auditor

Detailed Microsyllabus

  1. Directors' report

    1. Purpose and prescribed contents.
    2. Board responsibility for reporting.
    3. Relationship with financial and shareholder information.

  2. Auditor appointment

    1. Appointment and removal procedures in the specified law.
    2. Authority, required formalities and responsible decision makers.
    3. Analyze compliance from supplied facts.

Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 16–18.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Legal examples must identify the governing law and amendment version supplied for the course; a curriculum heading does not by itself establish a currently applicable legal rule.

Legal reading reference: Consult the Nepal Law Commission's index of Acts and its Civil Code, 2074 page for the prescribed primary legal materials.