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Outline the steps that the institute of Certified Public Accountant of Kenya has taken to reduce the individual auditors exposure to risk.
Date posted:
July 13, 2019
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Describe seven basic elements of an auditor's report.
Date posted:
May 15, 2019
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Outline six benefits that could be derived from using Computer Assisted Audit techniques.
(CAATs)
Date posted:
May 15, 2019
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Explain six ways in which audit software could be used in an audit.
Date posted:
May 15, 2019
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Summarise ten benefits that could accrue to the auditor from automating audit procedures
Date posted:
May 15, 2019
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Explain how an auditor would carry out the verification of cash at bank.
Date posted:
May 14, 2019
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a) List four audit .procedures you would perform on credit notes issued to customers upon
return of goods
b) Explain why it is important for an auditor to send a bank letter to his client's bank.
c) Summarize any six procedures that are undertaken by an auditor while obtaining
confirmation from a client's bank.
Date posted:
May 14, 2019
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Describe the general considerations which the auditors must bear in mind when evaluating audit
evidence.
Date posted:
May 14, 2019
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Justify the use of previous year's financial statements while carrying out an audit assignment.
Date posted:
May 14, 2019
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a) List four reasons for preparing audit working papers
b) Identify four types of information you would expect to -find in the following:-
i. Permanent audit file
ii. Current audit file
Date posted:
May 14, 2019
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a) Explain six limitations of gathering audit evidence.
b) Summarise three considerations that must be made for the external auditor to rely on the
work of the internal auditor.
c) In view of the financial reporting framework, explain five considerations that the auditor
should make when forming an opinion.
Date posted:
May 14, 2019
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a) Standardisation of working papers refers to a predetermined Format of presenting and
documenting audit findings.
With reference to the above statement, discuss three advantages and three disadvantages
of standardized working papers.
b) Explain Four factors that could influence the acceptance of evidence obtained from a
third party.
Date posted:
May 14, 2019
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Distinguish between errors and frauds.
Date posted:
May 14, 2019
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List the circumstances that indicate the presence of errors, irregularities and frauds in an entity
Date posted:
May 14, 2019
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Describe the audit procedures you would carry out when auditing a charity organisations:
i) Cash donations
ii) Non-cash donations
Date posted:
May 14, 2019
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a) Explain the matters that an auditor should consider during the planning stage °Ian audit
of a continuing client.
b) Define the following audit risks:
i. Inherent risk:
ii. Control risk.
c) Briefly describe the procedure an auditor could use to assess the risks in (b above in the
course of his audit of a company.
Date posted:
May 14, 2019
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Explain three reasons that could lead to the failure of an audit planning process.
Date posted:
May 14, 2019
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Describe eight benefits of audit documentation.
Date posted:
May 14, 2019
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Differentiate the role of an accountant from that of an auditor.
Date posted:
May 14, 2019
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(a) Highlight -five weaknesses of an audit conducted at the end of the financial period.
(b) Explain three fundamental differences between the work of internal auditors and external
auditors.
Date posted:
May 14, 2019
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(a) Section 162 of the Companies Act and related 7th Schedule to the Act deal with the auditor's
duties and rights.
Required;
List four duties of the auditor of a limited liability company that can be inferred From
Section 162 and 7th Schedule of the Companies Act.
(b) Differentiate between a continuous audit and an interim audit.
Date posted:
May 14, 2019