Civil Responsibility for the Work of the Auditor in the Public Shareholding Company

Abstract

The study seeks to uncover the legal liability associated with the auditor’s role in public shareholding companies, with a focus on shareholder rights. Shareholders typically exhibit limited interest in company affairs beyond matters directly impacting their share of profits. The research adopts various approaches, including the inductive approach, involving the extrapolation of provisions from Jordanian corporate law and French law related to the research subject. Additionally, the analytical approach entails a thorough examination of legal texts about the research topic, while the comparative approach involves contrasting the legal frameworks of Jordanian and French laws. The findings revealed a lack of experience among shareholders in monitoring the Board of Directors activities and auditing the accounts presented for approval during General Assembly meetings. Consequently, the legislation mandates the appointment of a qualified auditor by the general assembly to oversee the company’s financial management. This includes ensuring compliance with legal provisions, alignment with the company’s objectives, and adherence to its articles of association.