August 17, 2021

letter of engagement

You have been appointed the auditor of United Millers Company Limited, a medium manufacturing company which is quoted on the stock exchange. Required: a) List the […]
August 17, 2021

Constructing a pay-off table

A charity is about to launch an appeal for a children’s ward in a national hospital and has to choose between the following fund raising strategies. […]
August 17, 2021

Formulating information as a game

A student team was planning strategy for a management game being played in one of their classes. They had to decide whether to price their firm’s […]
August 16, 2021

The probability distribution

The probability distribution showing the number of hours a specially trained accounts clerk is required to work daily is as follows: Hours Frequency 0 0.4 1 […]
August 16, 2021

Old and new computerised systems

A company wishes to change from an old computerised system to a new computer based accounting system. Explain how and why both systems should run parallel […]
August 16, 2021

Examples of controls to prevent unauthorised changes to data files

State and explain six examples of controls to prevent unauthorised changes to data files that you would expect to find in a new computer based accounting […]
August 16, 2021

Computer based accounting system

In the context of a computer based accounting system, explain the meaning of the following terms: i) Application controls (5 marks) ii) General controls (5 marks)
August 16, 2021

Testing the vouchers for the errors

You have been asked by your firm to examine the payment vouchers of a company to establish the level of errors and then decide whether better […]
August 16, 2021

Markov chain

Briefly but clearly explain the following: (i) A markov chain (3 marks) (ii) The purpose of a markov chain (3 marks) (iii) When a markov chain […]
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