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i) Purpose of auditor's report
• To express on audit opinion on the true and fair view.
• To communicate other findings about the financial statement to those who arc charged
with ensuring good co-operate governance.
ii) Content of an unqualified audit report
• Proper books of accounts have been maintained as required by the company's Act.
• The accounts are in agreement with books of accounts.
• The accounts prepared do comply with the company's Act.
• Financial statements prepared do show a true and fair view of the company state of
affairs as at the end of the financial year.
• Where all information and explanation considered necessary to the auditor's best of
knowledge and belief has been obtained.
• For group accounts adequate returns have been received from the branches or subsidiaries
not visited during the audit.
Kavungya answered the question on May 15, 2019 at 08:55
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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b) When there is a disagreement between the auditor and...(Solved)
a) Describe five statutory disclosures that an auditor is required to make in his audit report.
b) When there is a disagreement between the auditor and the management, the auditor is
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Date posted: May 15, 2019. Answers (1)
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processing of records.
b) Highlight...(Solved)
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a) Identify and explain the program controls which are developed to minimise errors in the
processing of records.
b) Highlight two types of computer files which are used for the processing of data.
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Date posted: May 15, 2019. Answers (1)
- Analyze the distinguishing features of computer based systems which an auditor must
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i) Define the term "test data".
ii) Explain three ways of...(Solved)
Analyze the distinguishing features of computer based systems which an auditor must
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i) Define the term "test data".
ii) Explain three ways of using test data in an audit.
Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Explain six ways in which audit software could be used in an audit.
Date posted: May 15, 2019. Answers (1)
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Jikaze Limited operates a computerised purchases system. Invoices and credit notes are posted to
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Required:
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Date posted: May 15, 2019. Answers (1)
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a) During an audit. the auditor uses a combination of compliance tests or control, analytical
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Required:
Explain three manual techniques that an auditor could use in the audit of a computer based
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(b) An audit trial can be described as a series of cross-references that enable the auditor to
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The transformation from manual accounting systems to fully computer based information
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Required:
Explain the different ways auditors overcome these problems of loss of audit trail.
Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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b) Describe three practical...(Solved)
a) Discuss. four matters that an auditor should take into consideration in determining
whether or not to use Computer Aided Audit Techniques (CAATs).
b) Describe three practical ways in which auditors might use laptops in the audit work. .
c) Explain three controls that auditors should implement when using laptops during audits.
Date posted: May 15, 2019. Answers (1)