Write briefly explanatory notes on the following types of audit: i. Statutory audit; (3 marks) ii. Private audit; (3 marks) iii. Balance sheet audit; (3 marks) […]

A real estate salesperson estimates that 80% of the customers with whom he deals, can qualify financially for a mortgage loan for the house of their […]

With reference to Pay As You Earn (PAYE) system: (a) Write explanatory notes on the following: (i) Taxation of pension income for a retired employee; ( […]

(a) Explain briefly the law of diminishing marginal returns. (5 marks) (b) Explain briefly the difference between a probability density function and a probability distribution. (5 […]

The director of one of your growing clients have decided to create an internal audit function in their organizational structure. Required: a) List and briefly describe […]

A chemical company is planning to launch a new fertilizer and carries out a market survey in order to determine the likely demand. The survey indicates […]

State and briefly explain the qualities of a good point estimator. (10 marks)

(a) A company had VAT due amounting to Sh.300,000. It was late in making thepayment for six weeks. What late payment penalty will be charged? ( […]

(a) Explain any FOUR effects of Value Added Tax on business. ( 8 marks) (b) Specify the rules relating to appeal against the Commissioner’s decision under […]