Explain the role that internal control questionnaires and internal control evaluation questionnaires play in determining the effectiveness of the systems of internal control.

Explain how assessment of systems and controls impacts upon the main stages of the audit process

Define tests of controls, substantive procedures and walk-through tests.

Explain what break-even analysis as used in Quantitative Techniques is

You are auditing the financial statements of Newbridge Trading plc, for the year-ended 31 October 1997. The senior partner of your audit firm has asked you […]

In Miami town the average weekly wages for a certain group of wage earners was US $ 3,022.50. In 1998 the average weekly pay for the […]

(a) What is a Lorenz curve? Explain any two areas Lorenz curve can be used. (6 marks) (b) What is an index number? Explain two areas […]

During the final stage of the first audit of Nairobi National Bank Ltd. You request the client to provide you with a letter of representation. The […]

UC Limited specializes in selling small electrical appliances. A considerable portion of the company’s sales is on instalment basis. Although most of the company’s customers make […]