You have been asked by your firm to examine the payment vouchers of a company to establish the level of errors and then decide whether better results can be obtained through statistical techniques. Required: a) State the steps you would take in order to test the vouchers for the errors. […]

Briefly but clearly explain the following: (i) A markov chain (3 marks) (ii) The purpose of a markov chain (3 marks) (iii) When a markov chain should be used. (3 marks)

(a) Define the term capital allowances. ( 4 marks) (b) Cindera Enterprises is a partnership manufacturing timber pallets. The partners are L, M and N. The business has an account in the balance sheet entitled “Property”. The account had been used to record a variety of expenditures. At the end […]

The marketing manager of a company manufacturing detergents conducted a survey to assess customers response to new packaging recently introduced. She classified the customers according to gender and from a random sample of 300 customers, she got the following results. Preference New packaging Old packaging Undecided Male 27 14 92 […]

An accountant wishes to estimate the mean of accounts receivable. He takes a random sample of 10 accounts receivable and gets the following results in millions of shillings. 6,7,4,2,5,7,8,6,9,9,7,0,7,3,8,1,6,8,5,2. Required: Construct a 95% confidence interval of the true mean of accounts receivable. (Assume the accounts are normally distributed). (10 marks)

Write brief explanatory notes on the following audit terms: a) Control procedures; (4 marks) b) Internal check; (4 marks) c) Vouching audit; (4 marks) d) Walk-through tests; (4 marks) e) Weakness tests; (4 marks)

Paper details: A: Identifying, explaining and illustrating managerial or organisational responses to a contemporary business management issue and challenges, how these impact on organisations and managerial practice, i): 1) Identify a contemporary management issue of business signicance; describe, and explore how this poses challenges for managing individuals and organizations in […]

To obtain revenue to support the funding of public educational programmes in a city, the Parents and Teachers Association (PTA) proposes the establishment of a City Football Lottery Programme (CFLP). The programme is to be conducted on weekly basis for each of the 16 weeks which are played by the […]

a) Explain the value derived from the work of external auditors. (5 marks) b) Outline the statutory provisions with regard to duties of external auditors. (7 marks)