Get premium membership and access questions with answers, video lessons as well as revision papers.
- Proper returns adequate for their audit have been received from branches not visited by them (where applicable)
- The company‘s balance sheet and its profit and loss account are in agreement with the accounting records and returns.
- Such information and explanations as auditors think necessary for the performance of their duties have been received from the company‘s officers.
- The directors' report is consistent with the financial statements.
- The financial statement comply with the requirements of the company‘s Act
- The financial statements have been prepared in accordance with the International Financial Reporting Standards (IFRS)
kevinnyabute answered the question on March 5, 2018 at 08:46
- List and briefly explain the qualifications available to the auditor in drafting his audit report stating the circumstance in which each qualification is appropriate. Give...(Solved)
Financial accounting, auditing
Date posted: March 5, 2018. Answers (1)
- Explain the following terms as used in cost accounting 1. Explicit cost 2. Implicit cost(Solved)
Explain the following terms as used in cost accounting 1. Explicit cost 2. Implicit cost
Date posted: March 5, 2018. Answers (1)
- State key Differences between Cost Center and Profit Center(Solved)
State key Differences between Cost Center and Profit Center
Date posted: March 5, 2018. Answers (1)
- Define
1. cost control
2. cost reduction(Solved)
Cost accounting, Bachelor of commerce
Date posted: March 5, 2018. Answers (1)
- Explain the two major types of cost accounting(Solved)
Cost accounting
Date posted: March 5, 2018. Answers (1)
- Explain five differences between accounting and finance(Solved)
Introduction to financial accounting, Bachelor of commerce, diploma in business management
Date posted: March 5, 2018. Answers (1)
- Explain key differences between financial accounting and cost accounting(Solved)
Introduction to Financial accounting
Date posted: March 5, 2018. Answers (1)
- Outline five emerging and upcoming trends in the field of accounting and bookkeeping(Solved)
Outline five emerging and upcoming trends in the field of accounting and bookkeeping.
Date posted: March 5, 2018. Answers (1)
- Describe the following basic accounting terms 1.Accounting methods 2.Account receivable 3.Account payable 4.Capital 5.Cash flow statement 6.Credit and debit 7.Double-entry bookkeeping(Solved)
Describe the following basic accounting terms 1.Accounting methods 2.Account receivable 3.Account payable 4.Capital 5.Cash flow statement 6.Credit and debit 7.Double-entry bookkeeping
Date posted: March 5, 2018. Answers (1)
- Describe the difference between accounting and book keeping(Solved)
Introduction to financial accounting, Bachelor of commerce and business management
Date posted: March 5, 2018. Answers (1)
- Describe sevenaccounting policies or concepts(Solved)
Describe seven accounting policies or concepts.
Date posted: March 5, 2018. Answers (1)
- Define accounting and explain six users of accounting information(Solved)
Define accounting and explain six users of accounting information.
Date posted: March 2, 2018. Answers (1)
- What happens when a company goes into administration?(Solved)
What happens when a company goes into administration?
Date posted: February 26, 2018. Answers (1)
- What is the difference between going into liquidation and administration?(Solved)
What is the difference between going into liquidation and administration?
Date posted: February 26, 2018. Answers (1)
- State three qualities of useful financial information(Solved)
State three qualities of useful financial information.
Date posted: February 21, 2018. Answers (1)
- Define the following concepts in accounting(a) Money measurement concept(b) Separate valuation concept(c) Separate entity concept(Solved)
Define the following concepts in accounting (a) Money measurement concept (b) Separate valuation concept (c) Separate entity concept
Date posted: February 21, 2018. Answers (1)
- State the accounting equation(Solved)
State the accounting equation
Date posted: February 21, 2018. Answers (1)
- Explain the following concepts as they are used in accounting: historical, cost, prudence, matching(Solved)
Explain the following concepts as they are used in accounting:
historical cost
prudence
matching
Date posted: February 20, 2018. Answers (1)
- Discuss Shortcomings facing management of special funds in terms of accountability and stewardship in Kenya(Solved)
Discuss Shortcomings facing management of special funds in terms of accountability and stewardship in Kenya.
Date posted: February 13, 2018. Answers (1)
- What are the uses of Journal in accounts?(Solved)
What are the uses of Journal in accounts?
Date posted: February 4, 2018. Answers (1)