Write brief notes on the following auditing techniques: i. Inspection; (4 marks) ii. Observation; (3 marks) iii. Enquiry. (3 marks)

(a) State clearly what is meant by two events being statistically independent. (2 marks) (b) In a certain factory which employs 500 men, 2% of all […]

A company employs four classes of machine operators (A, B, C and D); all new employees are hired as class D and, through a system of […]

i. Give the meaning of the term ‘ Price Control’ (2 marks) ii. Explain the circumstances under which price control is considered necessary. (8 marks)

Sponex Limited deals in a wide variety of low-price sports goods. Shown below is a list of transactions for the month of June 2006. June 2 […]

Write brief notes on the tax aspects of the following: (i) Royalties ( 5 marks) (ii) Import Declaration Form ( 5 marks) (iii) Valuation Roll of […]

The matter listed below are always included in the internal control of a firm. You are required to explain the purpose of each of the items […]

Define the following terms as used in Markovian analysis: (i) Transition matrix (4 marks) (ii) Initial probability vector (2 mark) (iii) Equilibrium (2 mark) (iv) Absorbing […]

The following economic functions have been derived by the Finance Manager of a tea company: Qa = 3p2 – 4p and Qb = 24 – p2; […]