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 […]

Explain the way in which the auditor should approach and perform his work in order to meet these responsibilities.

(a) What is meant by the term „fraud‟? Give four examples of fraudulent activities. (6 marks) (b) What do you consider to be the auditor‟s responsibilities […]

Define the following terms: (i) Stochastic process: (2 marks) (ii) Transition matrix; (2 marks) (iii) Recurrent state; (2 marks) (iv) Steady state. (2 marks)

Restmount Kenya Ltd. was formed on 1 October 1997 in order to export tea and coffee to European markets. The Directors are unsure as to their […]