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 […]

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

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.

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 […]

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 […]

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 […]

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 […]

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 […]

(a) Define probability as used in Quantitative Techniques. (3 marks) (b) What is Bayes Theorem? Explain how Bayes Theorem can be utilized practically. (5 marks)