The auditing guideline on ‘recording’ requires audit working papers to be sufficient complete and detailed so that an experienced auditor who has no previous connection with […]

PQR Ltd is the sole supplier of electricity in your country. It supplies electricity to two separate consumers, namely (i) industrial and commercial users and (ii) […]

a) Distinguish between internal audit and internal check (4 marks) b) Explain the matters you would consider and the work you would perform to enable you […]

Define the term per capita income. Show its usefulness and highlight some of its inherent shotcomings. (7 marks) The table below represents estimated national income values […]

(a) Describe the following types of Audits: i. Statutory Audits; ii. Internal Audits; iii. Private Audits; iv. Management Audits; (b) What are the similarities and differences […]

(a) What is an audit? (2 marks) (b)Explain the importance of audit to a limited liability company. (10 marks) (c) In addition to shareholders, many different […]

Use the suggested course textbook and references to familiarize yourself with the vocabulary of the workshop (Part II). Define each word in writing and bring the […]

Use the course textbook and references to familiarize yourself with the vocabulary from the first part of the workshop. Develop a glossary that defines and explains […]

Given the following data in millions of shillings pertaining to an economy, determine Net National and Gross National Product Values. (6 marks) National income 3,387 Indirect […]