July 27, 2021

external auditor’s responsibilities

Describe external auditor’s responsibilities and the work that the auditor should perform in relation to the going concern status of companies.
July 27, 2021

ISA 400 Risk Assessments

ISA 400 Risk Assessments and Internal Control deals with internal control objectives and internal controls. ISA 500 Audit Evidence deals with audit objectives and audit procedures. […]
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 […]
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