Normally in the U.K a trader is required to pay for a variety of licences in order to conduct trade. (i) Do you consider a licence to be a tax? Explain. ( 2 mark) (ii) Specify and discuss four of such licences. ( 12 marks) (iii) In Kenya there is […]

An auditor is required to state whether, in his opinion proper books of account have been kept and whether the financial statements give a true and fair view of the state of the financial affairs of the company being audited. What are the consequences, to the auditor, for giving an […]

You are the CIO of a midsize manufacturing company. The company has a hybrid enterprise resource planning (ERP) system that supports their HR, Manufacturing, Customer Relationship Management, R & D, and supply chain processes. The system is protected by a rewall and virus protection system. Your IT staff has been […]

After viewing the videos on accessing library resources in this course, go to the Library’s Databases and Indexes page. Research a topic you are interested in and post a summary in a Word document and submit it for this assignment. Be sure to cite the article in APA format

“Governments in developing countries tend to overtax individuals in formal employment”. (I) Using suitable explain why Governments find it convenient to continually raise higher taxes on earnings from formal employment. ( 6 marks) (ii) Suggest and explain one proposal on how the Government can be able to generate tax revenue […]

(a) What is „Oligopoly‟? (3 marks) (b) Using a well illustrated diagram, explain why prices are „sticky‟ downwards under an oligopolistic market structure (12 marks)

a) Identify the potential users of audited financial statements. (7 marks) b) What are the specific needs of the potential users of audited financial statements you have identified in (a) above? (7 marks)

(a) State and briefly explain four factors which influence the taxable capacity in a country. ( 6 marks) (b) “Governments in developing countries tend to overtax individuals in formal employment”. (I) Using suitable explain why Governments find it convenient to continually raise higher taxes on earnings from formal employment. ( […]

You have received a request form XYZ Ltd. to accept an appointment as their auditor for the financial year ending 31 December 2001. Required: a) Explain the preliminary procedures you would carry out upon your appointment. (6 marks) b) What is the importance of a preliminary review? (4 marks) c) […]