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government has recently set up a parastatal body responsible for waste management in mauritius the management is unsure as to the need for an audit
you have been appointed as an internal auditor in an organisation as part of your duties you are required to provide training to the staff in the
a in order to draw reasonable conclusions an auditor is required to identify and use audit procedures to gather audit evidence you are required to
an audit team is currently engaged in planning the audit of the financial statements of e limited as at 30 june 2011 this was the first accounting
a state the five threats contained within auditors code of ethics and conduct and for each threat list one example of a circumstance that may
questiona the auditor should get relevant and reliable audit evidence sufficient to enable him to draw reasonable conclusions therefromi what do
people do not plan to fail they fail to plan planning is an essential feature of an effective audit the most effective plan is one that is reduced
the management of a newly incorporated company is unsure as to the need for an audit your services have been requested to explain to management the
question 1part awhen planning a financial statement audit an audit manager must understand audit risk as well as its components the firm of jack and
you are the auditor of abc company and the audit process is almost complete the audit report is due to be signed next week however the following
should your test for unrecorded liabilities be affected by the fact that a letter is obtained in which a responsible management official certifies
q what do you understand by yellow bookyellow book - written by general accountability office yellow book sets forth standards to be followed in
records kept by auditor of procedures applied tests performed the information obtained and pertinent conclusions reached in the course of the audit 2
q what is withholding allowancewithholding allowance -every taxpayer is allowed to claim a withholding allowance which exempts a certain amount of
q explain about wash salewash sale - a wash sale takes place if stock or securities are sold at a loss and seller acquires substantially identical
q walkthroughs for auditorwalkthroughs provide the auditor with evidence to1 confirm auditors understanding of the process flow of transactions2
the most effective means for an auditor to confirm his understanding how internal control over financial reporting is designed and operates to test
transferee liability - a person may be held liable for another taxpayers delinquent taxes if1 the transferee received assets of the
q what is transferred basistransferred basis - a transferred basis is the foundation of property in the hands of a transferor donor or grantor in
timing of tests of control - auditor should perform tests of controls over a period of time which is adequate to determine whether as of the date
simple trust - this type of trust is essential to distribute all its income currently whether or not the trustee actually does so and it has no
simple plans - an employer can adopt a simplified retirement plan known as a simple plan savings incentive match plan for employees if it has fewer
q explain the single audit actsingle audit act - single audit act of 1984 and single audit act amendments of 1996 establish requirements for audits
what are the major problems involved in the use of a personal computer based pc system by a small