State, and explain four attributes of the Beta distribution which made it to be chosen as the distribution of activity times in project evaluation and review […]

The auditing standard on subsequent events provide the basic principles and procedures as to the auditor’s responsibilities and deal with: i. Dating the auditor’s report ii. […]

Consider the two person zero sum game between players A and B given by the following pay-off table; Player B Strategies 1 2 3 4 Player […]

Define the following terms used in game theory: (i) Dominance (3 marks) (ii) Saddle point (3 marks) (iii) Mixed strategy (3 marks) (iv) Value of the […]

Specialists or experts are occasionally required by external auditors mainly in connection with the valuation assets and the determination of liabilities. Required: a) The necessity for […]

The Tamu – Tamu Products Company Ltd. is considering an expansion into five new sales districts. The company has been able to hire four new experienced […]

Define the following terms as used in linear programming: (i) Feasible solution (4 marks) (ii) Transportation problem. (4 marks) (iii) Assignment problem. (4 marks)

“Most errors in computer based accounting systems can be traced to faulty input. Controls over the completeness and validity of all inputs are vital. Control over […]

Rai, Sai and Tai are former school mates who were doing business together. The business is not registered but they registered themselves as equals in it. […]