July 27, 2021

direct and indirect tax

i) Distinguish between a direct and indirect tax. (ii) Is Value Added Tax (VAT) a direct or indirect tax? Explain
July 27, 2021

Audit sampling

Audit sampling is a technique for drawing conclusions about the characteristics of a population by testing a sample drawn there from. Internal and external auditors use […]
July 27, 2021

the principle of cost sharing

What is the principle of cost sharing and to what extent does it influence the level of taxation? Discuss
July 27, 2021

the nature of a public good

Explain clearly the nature of a public good with specific reference to provision of education in UK today and the role taxes play under such circumstances.
July 27, 2021

The internal controls

Internal controls over non-current assets are designed to ensure the orderly and efficient running of the business, adherence to management policies, safeguarding of assets, the prevention […]
July 27, 2021

Computing the capital allowances

On 1 January 2003, Pesy Limited brought into full operation its Liru Factory of producing bottle tops. The following expenditure had been incurred up to that […]
July 27, 2021

capital allowances under the Income Tax Act

Many farmers in the rural areas are unaware of the benefits accorded to them in form of capital allowances under the Income Tax Act. Write a […]
July 27, 2021

newly appointed external auditor

Your firm is the newly appointed external auditor to a large company that sells, maintains and leases office equipment and furniture to its customers and you […]
July 26, 2021

planning audit work on the stock-take

Your firm is the auditor of Trent Textiles Ltd, and you are planning your audit work on the stock-take, which will be carried out at the […]
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