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 […]

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 […]

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)

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 […]

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 […]

(a) Define the term capital allowances. ( 4 marks) (b) Cindera Enterprises is a partnership manufacturing timber pallets. The partners are L, M and N. The […]

The marketing manager of a company manufacturing detergents conducted a survey to assess customers response to new packaging recently introduced. She classified the customers according to […]

An accountant wishes to estimate the mean of accounts receivable. He takes a random sample of 10 accounts receivable and gets the following results in millions […]

Write brief explanatory notes on the following audit terms: a) Control procedures; (4 marks) b) Internal check; (4 marks) c) Vouching audit; (4 marks) d) Walk-through […]