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Principles Of Auditing Question Paper

Principles Of Auditing

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
INSTITUTE OF OPEN LEARNING
UNIVERSITY EXAMINATIONS 2008/2009
EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE
BAC 303: PRINCIPLES OF AUDITING

DATE: MONDAY, 5TH JANUARY 2009
TIME: 11.00 A.M. – 1.00 P.M.

INSTRUCTIONS: Answer ALL Questions.

Question 1
Name any four types of audit opinions which an auditor may express in his report
indicating the circumstances under which each can be issued.

(20 marks)

Question 2
a)
Explain what whistle blowing means in auditing and explain when an
auditor may inform the proper authorities of a breach of law.

(5 marks)

b)
Compare and contrast complete audit and continuous audits giving clearly
their meanings and significances.

(10 marks)

Question 3
a)
Explain the significance of audit files and working papers in enhancing
audit efficiency.

(8 marks)

b)
Explain the role of letter of engagement in auditing.

(7 marks)

Question 4
“An audit evidence should be relevant, reliable and sufficient.” Explain the statement
stating clearly how the three attributes would enhance the reliability of the audit report.

(15 marks)

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