Easy to Use Legal Templates
Quickly and easily create any legal agreement for you or your team.
Affordable Plans
Straightforward pricing plans and bespoke packages built to simplify all your legal demands.
Vast Document Library
Zegal’s comprehensive collection of agreements means you always have what you need at your fingertips.
How to create a Free Appoint Company Auditors template
Why choose Zegal?
With Zegal, you can reduce legal risks and improve the efficiency of your contract workflow, allowing you to focus on your core business operations.
Our platform is flexible, scalable, and tailored to the needs of your business.
Company auditors FAQ
What is the purpose of an auditor in a company?
An auditor will analyse the accounts kept by the directors of a company and give financial updates on the general state of the business.
Their role is to safeguard the interest of a company’s shareholders, and their analysis of the company’s financial position helps investors and shareholders make future decisions.
Why do I need to appoint company auditors?
A newly incorporated company, whether public or private, needs to appoint its first auditors.
Generally, they are put in place by the company’s board of directors by passing a resolution (Director’s resolution or Board resolution) within a certain time limit.
Different countries have different time limits. For example, in Hong Kong, the board must appoint an auditor before the company’s annual general meeting.
In cases where the board has yet to appoint the first auditors, the company’s shareholders can appoint them in a general meeting.
Importantly, for any incorporated company, whether private or public, appointing the first auditors for the first financial year is a requirement under corporate law.
How can I appoint company auditors?
Essentially, there are two ways to appoint company auditors.
Firstly, the board of directors can appoint the first auditors by passing a resolution. Secondly, the company’s shareholders can appoint auditors by passing a resolution in the shareholders’ meeting.
Generally, a company must appoint auditors annually by the shareholders at the annual general meeting. However, the board of directors can appoint auditors for the first financial year of a newly incorporated company.
They can do this using a Directors’ Resolution to Appoint First Auditors.
Related legal templates
- Shareholder Agreement
- Option Agreement
- Employee Option Agreement
- Share Appreciation Rights Plan
- Share Option Plan
The Zegal template library
Zegal's legal template library is a list of essential business documents for your everyday needs.
Whether you're a startup, SME, or a larger enterprise, Zegal contract management will automate and speed up your legal processes.
Using Zegal will reduce risk, save money, and improve efficiency. Let us take care of the paperwork so you can focus on running your business.
Nice things people say about Zegal.
"Using Zegal allows us to take a lean and efficient approach that cuts costs while maximising results."
Alex So
Managing Partner
"Zegal is easy to use and customer service is responsive and helpful! I strongly recommend it!!"
Alan NG
CEO
"Zegal makes onboarding a new client or employee fast and simple."
Veronika Kuznetsova
Managing Director
“Zegal really works well for all our legal documentation needs, and it is also user-friendly and mobile at the same time.”
Daniel W. Ho
Managing Director & Principal Consultant
“Zegal is like my teammate, helps me draft the right template, quickly gets my work done, and also saves me money on legal needs.”
Alan Schmoll
CEO & Co-Founder
“With colleagues, partners, and clients across the globe, Zegal provides an easy-to-use tool that streamlines processes that saves costs and time.”
Tony Wines
CEO of Turnkey
“Zegal has been such a great help in my business operations.”
Amanda A Atan
Managing Director at VIBES Mastery
“With Zegal, we work smarter rather than harder. Being a business professional, a proper document management system is always a must.”
Edgar Kautzner
Managing Consultant
“Zegal, a platform for compact package of legal templates, secured e-signing, reasonable cost and high level customer service.”
Paul Falzon
Director
“Zegal is easy to use, affordable and the platform is simple to navigate which makes the process of putting together a document fast and fuss-free.”
Jonathan Wong
Founder & Managing Director
“Love the new flow/design, very quick and easy to use now. I have done 2 or 3 customer contracts in a flash over the past 2 days.”
Chris Head
General Manager and Managing Editor
“Consistently positive experiences with Zegal’s technology, and customer services teams, who ensure that our issues or questions are responded to immediately.”
Tony Wines
CEO of Turnkey