August 11, 2021

Audit working papers

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. […]
August 11, 2021

Relationship between average cost and total cost

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 […]
August 10, 2021

Project’s expected completion time and its critical path

Consider a project which has been modeled as follows: Activity Immediate Predecessor (s) Completion Time (hours) A B C D – – A A 7 10 […]
August 10, 2021

Maintaining integrity

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 […]
August 10, 2021

The auditors‟ report

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 […]
August 10, 2021

Moving average

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. […]
August 10, 2021

Proceeding with audit investigation

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. […]
August 10, 2021

Audit legal, ethical and practical factors

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, […]
August 10, 2021

Advantages of the standard normal distribution

Explain briefly some of the advantages of the standard normal distribution
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