a) An auditor should form an opinion on the adequacy of the accounting treatment of an inherent uncertainty disclosed in the financial statements of a company.
i) What is meant by the term “inherent uncertainty”? (2 marks)
ii) Explain the treatment of inherent uncertainties in the auditor’s report. (6 marks)
b) Summarise the principal contents of a statement of directors’ responsibilities to be included in financial statements. (8 marks)
c) Explain the steps an auditor should take if he concludes that the client has made a departure from an accounting standard in the preparation of the financial statements.
(4 marks)
(Total: 20 marks)
The computerization of business operations has posed many challenges to the auditor. Explain the difficulties experienced by an auditor in each of the following situations: i) In the use of test packs. (4 marks) ii) In on-line systems. (4 marks)
Let Essay Writer Hub be in charge of your home assignments for good.
Essaywriterhub.com wants you to make the time spent in college/university to be the happiest one. So, you might probably want to ask us: Who will do my written assignment if I am taking some time off?
Log into your customer account
With summer break fast approaching, graphic design students like me are trying to figure out productive ways to spend their time. Work for money? Work for experience? Summer classes?
I’ve spent the past few months doing everything I can to
find an internship this summer. Finding a company that isn’t an MLM and will
actually pay good money for your design work is tough. Luckily, graphic design
is a field that’s in demand, so there are a lot of good options out there.
The other option for getting design experience during the summer
break is freelance work, but that comes with its own slew of issues. There’s
nothing worse than beginning to work with a client and getting excited for a
project just for them to look at you with a face like the Surprised Pikachu Meme
when you start to discuss cost.
With two weeks left in the semester, here’s hoping we figure
something out soon!