Question ：Which of the following should provide the auditor with the most persuasive evidence of the companys ownership of a freehold prope ...
2016-02-22 13:02Question ：The gross profit percentage for a manufacturing company has risen from 5% to 7% and the net profit percentage has fallen from 0.5 ...
2016-02-22 13:02Question ：An unmodified audit opinion implies which of the following? A. No errors or irregularities have been discovered by the auditor. B ...
2016-02-22 13:02Question ：When auditors modify their audit opinion, they must give: A. A speech at the annual general meeting so that the shareholders unde ...
2016-02-22 13:021.Auditors are required to comply with the requirements of International Standards on Auditing in the conduct of an audit. Which of the foll ...
2016-02-22 08:02Question ：Teeming and lading is an irregularity involving extraction of assets by unauthorised persons; the opportunity to perpetrate this ...
2016-02-19 13:02Question ：Substantive procedures can never be eliminated entirely. Is this statement: A. True, except when the auditors have carried out a ...
2016-02-19 13:02Question ：It is common for auditors to prepare, at the commencement of an audit, a document whose primary purposes are to provide a record ...
2016-02-19 13:02Question ：Which of the following matters would you expect to see covered in an internal audit report? A. Key action points. B. Distribution ...
2016-02-19 13:02Question ：K Co, a potential client, has asked PCo to act as auditor to his company and wants the audit to commence immediately as the finan ...
2016-02-19 11:02Question ：Which of the following statements regarding audit committees is not true? A. The role and responsibilities of the audit committee ...
2016-02-19 11:02Question ：A stock markets main role is as both a primary market and a secondary market. Which of the following is the main aspect of stock ...
2016-02-18 13:02Question ：Which of the following decisions is not an investment decision? A. Whether to carry out a takeover of another company. B. Whether ...
2016-02-18 11:02Question ：Mindanao Co supplies computer peripherals to a large number of service sector customers. Distant Lands Co, a family owned chain o ...
2016-02-18 11:02Question ：The payback period is the number of years that it takes a business to recover its original investment from net returns calculated ...
2016-02-18 11:02Question ：BC Co has identified two mutually exclusive projects which have an equivalent effect on the risk profile of the company. Project ...
2016-02-18 11:02Question ：Which of the following is not a valid reason why the directors of a company might decide to retain earnings rather than pay them ...
2016-02-17 16:02Question ：A company has issued 6% irredeemable preferred shares of $1 each, and 6% irredeemable bonds. The current market value of the pref ...
2016-02-17 16:02Question ：Wharton Fingers Co has just made a public announcement that it plans to launch a new product on to the market that should reduce ...
2016-02-17 16:02Question ：Examine the validity of the following statements with respect to the yield curve showing the term structure of interest rates. St ...
2016-02-17 16:02Question ：You are the auditor of Nenox, a large public limited pharmaceuticals manufacturer. The audit is complex and high profile and it i ...
2016-02-15 13:02Question ：Which of the following best describes the nature of an audit strategy? A. It is a detailed specification of auditing procedures t ...
2016-02-15 13:02Question ：Herinel has included a provision for compensation in its financial statements in respect of a legal claim brought by a former emp ...
2016-02-15 13:02Question ：Which of the following are not assurance engagements? A. Reporting on the effectiveness of internal controls. B. Tax and manageme ...
2016-02-15 13:02Question ：Ideally, who should the internal audit department report to? A. The chief accountant. B. The Audit Committee. C. The Board of Dir ...
2016-02-15 13:02Question ：If an auditor discovers fraud in the course of a statutory audit which of the following would be the least acceptable outcome? A. ...
2016-02-06 13:02Question ：Which of the following additional services provided to an audit client are likely to impair independence? A. Provision of recruit ...
2016-02-06 13:02Question ：Which of the following oversees the work of the International Auditing and Assurance Standards Board? A. Financial Reporting Coun ...
2016-02-06 13:02Question ：Culture, structure and strategy all influence the way in which new methods and techniques are introduced. Suggest a way in which ...
2016-02-06 13:02Question ：Environmental management accounting (EMA) is the generation and analysis of both financial and non-financial information in order ...
2016-02-06 13:02
