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Bbm 402: Audit Question Paper

Bbm 402: Audit

Course:Bachelor Of Science In Project Planning And Management

Institution: Karatina University question papers

Exam Year:2014

KARATINA UNIVERSITY
SCHOOL OF BUSINESS
BSC PROJECT PLANNING AND MANAGEMENT

BBM 402: AUDIT
CAT
Date: 5/03/2014
Attempt all questions
Time: 1 hr 30 minutes
1. Describe four reasons why an external audit is necessary for companies registered under the companies Act? (8 mks)
2. Name and explain three ways one can be appointed as an auditor of a public company in Kenya. (6 marks)
3. List three rights and three duties of an independent auditor. (6 marks)
4. The management of a company should put in place an effective internal control system to ensure the attainment of the organizational objectives.
I. Define the term “internal control system” (2 mks)
II. Give five reasons why it is important to have an effective internal control system (5 mks)
III. Describe five types of internal control systems (5 mks)

Bbm 402: Audit Question Paper

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