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(a) The steps that a prospective auditor should take before deciding whether or not to
accept nomination as the auditor of a limited liability company include:
• Meet the directors and operational management to know exactly what the assignment
entails/scope.
• Consider whether he is qualified For appointment that is whether he can be validly
appointed as an auditor
• Request the client to give permission to communicate With the retiring auditor to find
out whether there are any reasons, professional or otherwise as to why he should not
accept the appointment.
• If permission is given to communicate with the outgoing auditor, depending on their
reply, decide whether or not to accept the nomination.
• Review of the audit resources e.g staff/timing of the audit.
• The audit fees to be charged.
• Appointment as per the company's Act.
(b) The purpose of sending a letter of engagement.
• The auditor must be certain that, there is no misunderstanding between him and
management as to the exact scope of his responsibilities.
• It is necessary for tile auditor to formally accept the appointment and the letter of
engagement is the best way of acknowledging that appointment.
• Education to the client
• It forms the basis of the contract between the auditor and the client and this minimises
future misunderstandings.
• Certain verbal discussions or arrangements between the auditor and the management
need to be confirmed and the letter of engagement is used for that purpose.
• The letter may cover services that the auditor is going to provide in addition to the audit
service, it can be used to bring to the attention of the client other services that the
accounting firm can provide.
Kavungya answered the question on May 14, 2019 at 12:02
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b) In the context...(Solved)
a) Explain five basic principles that govern the auditor's professional responsibilities and
which should be complied with whenever an audit is carried out.
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Date posted: May 14, 2019. Answers (1)
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b) Discuss five functions of an internal audit department as per International...(Solved)
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b) Discuss five functions of an internal audit department as per International Standard on
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Date posted: May 14, 2019. Answers (1)
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i. Outline six...(Solved)
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Date posted: May 14, 2019. Answers (1)
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(ii) Browsing.
(iii) User net newsgroup.
(iv) File transfer protocol.(Solved)
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(i) Bandwidth.
(ii) Browsing.
(iii) User net newsgroup.
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Date posted: May 14, 2019. Answers (1)
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Highlight four social-economic challenges brought about by the rapid advancements in
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ii. Web browser.
iii. HTML.
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iii. HTML.
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i. Intranet. .
ii. Extranet,
iii. Global system for mobile (GSM) communication.
iv. Bluetooth.
(b) Explain the role of...(Solved)
(a) Briefly describe the flowing terms in relation to computer networking
i. Intranet. .
ii. Extranet,
iii. Global system for mobile (GSM) communication.
iv. Bluetooth.
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Date posted: May 14, 2019. Answers (1)
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Required:
Examine four advantages of digital data communication...(Solved)
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Required:
Examine four advantages of digital data communication systems over analog data
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Date posted: May 14, 2019. Answers (1)
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Required:
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a) Mr. Shadrack Kalamba a technician with Icon Systems Technology Ltd. is setting up a local
area network (LAN) for a client
Required:
i) Identify four network devices that he would use in setting up the LAN.
ii) State six advantages of a LAN.
b) Expound the following acronyms as used in computing:
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ii) FTP.
iii) HTTP.
iv) HTML.
v) WWW.
vi) IP.
Date posted: May 14, 2019. Answers (1)
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Identify two possible causes of data insecurity and two mitigations that could be taken to secure
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Date posted: May 14, 2019. Answers (1)
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b) The surface simplicity of the website is in fact that many individual protocols can be
contained within a single...(Solved)
a) Define the term “world wide web”
b) The surface simplicity of the website is in fact that many individual protocols can be
contained within a single website.
Required
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Date posted: May 14, 2019. Answers (1)
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Date posted: May 14, 2019. Answers (1)