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Hbc 2207:Principles Of Auditing Question Paper

Hbc 2207:Principles Of Auditing

Course:Bachelor Of Commerce

Institution: Jomo Kenyatta University Of Agriculture And Technology question papers

Exam Year:2016

JOMO KENYATTA UNIVERSITY
OF
AGRICULTURE AND TECHNOLOGY

University Examinations 2015/2016

SECOND YEAR FIRST SEMESTER EXAMINATION

FOR THE DEGREE OF BACHELOR OF COMMERCE

HBC 2207:PRINCIPLES OF AUDITING

DATE;AUGUST 2016
TIME;2 HOURS
INSTRUCTIONS:ANSWER QUESTION ONE AND ANY OTHER TWO QUESTIONS

Question One [30 marks]

a]Professional ethics are the rules of conduct that govern the behaviour of an accountant.
These are issued by ICPAK to ensure that the Auditor is credible.Discuss the qualities
that the Auditor must possess to be credible. [20 marks]

b]Discuss how a company may appoint its Auditors under the Companies Act. [10 marks]

Question Two [20 marks]

a]Discuss the major methods of obtaining audit evidence. [10 marks]

b]Discuss qualities of a good sample. [10 marks]

Question Three [20 marks]

a]Discuss with an illustrative example the basic elements of the Auditors report. [10 marks]

b]Discuss four main types of audit opinions that an Auditor might express. [10 marks]

Question Four [20 marks]

You have been appointed the Auditor of Fadhili Ltd and as part of the Audit,you have requested
management to provide you with a letter of representation.Discuss three matters you would expect
to find in the letter in relation to management's responsibilities. [20 marks]

Hbc 2207:Principles Of Auditing Question Paper

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