Shareholders General Assembly's Authority over the Auditor
Dr. Mahmoud Mohamed Elyan Al-Shawabka

Abstract
The problems that companies suffered and are still suffering, including the joint-stock companies that result from poor management and/ or corruption highlighted the matter of tightening control over the works of joint-stock companies that, as a rule, are key competences of the shareholders of those companies. However, whereas their assumption of this duty directly is different in the practical terms, the various legislations tended to assign that duty to what is now called "auditor". This reflects the important role assumed by the auditor for protection of shareholders; since auditor is the entity assigned to control of the company's financial management works. From this standpoint, it is important to determine the General Assembly's authority over the auditors, and the duties assigned to the auditor as well as his responsibility in confrontation of them, because of the direct effect of this approach in refining the company's board works, and to achieve the idea of rational management of the company. Consequently, this study handled the general assembly's authority over the auditor; it highlight in the first topic the sides related to appointment and termination of auditor. The second topic highlighted the duties assigned to the auditor and his responsibility before this assembly. The study drew set of conclusions that were followed by number of recommendations. We believe that adoption of those recommendations will refine the board works of joint-stock companies. This inures to the benefit not only of the company's shareholders, but to the benefit all customers and to the national economy as a whole.

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