Working papers provide the audit evidence. They can be categorized into: i. Auditors’ prepared working papers. ii. Client’s schedules used as working papers. iii. Audit programmes. […]

Two ACCA students were discussing the relationship between average cost and total cost. One student said that since average cost is obtained by dividing the cost […]

Consider a project which has been modeled as follows: Activity Immediate Predecessor (s) Completion Time (hours) A B C D – – A A 7 10 […]

Printa Limited is a large printing company, which has an on-line computer accounting system. The system is based around a central main frame computer, with terminals […]

It has often been said that the auditors‟ report is the formal result of all his efforts. This being the case, it is very important that […]

Moving averages are often used in an effort to identify movements in share prices. Approximate monthly closing prices (in Sh. per share) for Toys Children Ltd. […]

The cashier of a firm who also acts a bookkeeper has been suspected of dishonesty. The books have not been audited for the last nine months. […]

You are an audit senior in a firm of practicing accountants and your manager has gone out for an urgent meeting with a partner. Mr. Charo, […]

Explain briefly some of the advantages of the standard normal distribution