July 27, 2021

audit evidence

Auditors obtain several different confirmations from various sources during the course of their audit. Required: Describe the audit evidence provided by each of the confirmations listed […]
July 27, 2021

Taxable income

Mr. Mteta has approached you with a view to obtaining help in determining his taxable income for 2005. He has supplied the following information: 1. Business […]
July 27, 2021

audit evidence

Company B has a provision in its balance sheet for claims made by customers for product defects under 1-year company warranties. Required: Describe the matters you […]
July 27, 2021

Expense accruals, Trade payables and purchase accruals

Company A has a number of long and short-term payables, accruals and provisions in its balance sheet. Required: Describe the audit procedures you would apply to […]
July 27, 2021

purpose of the internal controls

Flowers Anytime sells flowers wholesale. Customers telephone the company and their orders are taken by clerks who take details of the flowers to be delivered, the […]
July 27, 2021

deductions that may be available against gains or profits from employment

List and explain any three deductions that may be available against gains or profits from employment
July 27, 2021

Mr Ali Ming’s VAT calculations

i) Mr. Ali Ming is a hardware merchant. He purchases cement from Athi Cement Ltd. which he then sells to his customers. Both Ali Ming and […]
July 27, 2021

the rules governing the payment of VAT

What are the rules governing the payment of VAT? Specify the additional tax that may arise from failure to comply with those rules.
July 27, 2021

The objectivity of the external auditor under threat

The objectivity of the external auditor may be threatened or appear to be threatened where: (i) There is undue dependence on any audit client or group […]
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