MAKE SURE YOU DO YOUR OWN WORK, ANY ENVIRONMENT THAT SHOWS COPYING WILL
RESULTS IN DEDUCTION OF MARKS ON YOUR [Link] THAT YOU BIND YOUR WORK
PROPERLY.
NB:Do not try to use chatgpt or similar tools,instead use the notes I gave you and the
books,without foggetting ISA and attach your references in APA style.
Deadline 28/08/2025 10:00PM.
QUESTION ONE
i) What it meant by audit
ii) State objectives of audit
iii) Professional etiquette letter
iv) In short, explain prons and cons of audit
v) Explain at least six types of audit you may know
vi) Who is appointing an auditor
vii) Specify rights and duties of auditor
viii) What scenarios may cause an auditor to be removed from audit work
ix) What it meant by engagement letter
x) What contents does engagement letter contains
xi) List and explain types of financial statement that an auditor has to audit
according to TFAS
xii) List some professional etiquette and rules to be followed when change of
auditor is proposed.
xiii) Show some regulatory framework governing the conduct of audit
xiv) In short, explain the qualities of an auditor
xv) What do you understand by the following concept
a) True and fair view
b) Materiality
c) Going concern
d) Stewardship
QUESTION TWO
i) What it meant by audit evidence
ii) What does sufficient, and reliability meant in the collection of audit evidence
iii) Explain various methods of collecting audit evidence and specify type of audit
evidence that is to be gathered.
iv) List and explain types of assertion that an auditor has to verifies while
collecting audit evidence
QUESTION THREE
i) Write short notes about internal control
ii) In short, explain the objectives of internal control
iii) Explain features of effective internal control
iv) List types of internal control
v) What ways can be done to achieve internal control
vi) In short explain some characteristics that small business must have. Show
the effects of these characteristics to the internal control system.
vii) What do you understand by the following:
a) Control activities
b) Control environment
c) Monitoring
d) Risk assessment process
e) Information and communication
QUESTION FOUR
i. In short, explain the objectives of audit working papers as well as its
contents
ii. What it meant by:
a) Audit working papers
b) Permanent audit file
c) Current audit file
QUESTION FIVE
i. In short explain the methods of selecting sample
ii. What it meant by ;
a. sampling risk and sampling error
b. Probabilistic sampling and non- probabilistic sampling
QUESTION SIX
i. Write short notes about the following:
a. Pervasive
b. Un modified opinion
c. Modified opinion
ii. What contents does auditors reports contains
QUESTION SEVEN
i. In short, explain the importance of controls in the computerized accounting system
ii. What it meant by:
a. Manual accounting system
b. Computerized accounting system
c. Audit around the computer
d. Audit through the computer
e. CAAT’s
QUESTION EIGHT
i) What do you understand by audit work plan
ii) Explain the importance of controls
iii) Explain the purpose and importance of audit work plan
iv) What are to be contained in the audit work plan
QUESTION NINE
i) Meaning of
a. Audit programme
b. Compliance test
c. Substantive test
ii) Explain the types of audit programme
iii) In short, explain the objectives and importance of audit programme
iv) How can audit programme developed?
v) What are involved in the audit programme
1. Why should auditor be independent?
2. Briefly state the contents of auditors’ working papers.
3. Differentiate Internal Auditor from External Auditor
4. Describe letters of engagement
5. Internal Control refers to all the measures used by business for various
purposes. Name four of these purposes.
6. Explain types of audit opinion?
7. In short explain the threat to independent
8. Why professional clearance
9. Explain the pre engagement professional etiquette
10. Explain types of assertions that auditors verifying in audit evidence
11. What it meant by audit in computer environment
12. Independence is one of the most important rule of conduct. It prohibits auditors
from expressing an opinion of financial statement of an enterprise unless they
are independent with respect to such enterprise. List three issues which might
impair the auditor’s independence
13. Write short notes on the following auditing Concepts:
i) Physical Control
ii) Vouching]Verification
iii) Permanent file,
The principal alternatives in reporting on financial statements may e summed up as
following:
i. An unqualified opinion
ii. A qualified opinion
iii. An adverse opinion
iv. A disclaimer of opinion
14. Define three types of reports
