All publicly traded companies are required to have their financial statements audited by an independent firm of Certified Public Accountants. When planning for the year’s end, the director of audit, is concerned about two things; the cost of the audit (in shillings) and the length of time the audit will […]

(i) Explain why a firm in perfect competition may continue in the production of goods which it can only sell at a loss and why it cannot continue doing this indefinitely. (5 marks) (ii) Illustrate and explain the short-run supply curve of a firm in perfect competition (5 marks)

(a) Differentiate between economies of scale and returns to scale (5 marks) (b) Given a firm‟s demand function Q – 90 +2P = 0 and its average cost function AC = Q2 – 8Q + 57 + 2/Q, determine the level of output which maximizes profits (NB: only the first […]

Choose a case study. This is human services Students will do a video of an oral presentation and paper of a case assessment for the online class. Students may use a case of their choice. If this is a real case, disguise the name of the client for condentiality purposes. […]

Critically discuss the development of social audit and how the current practice of social audit can help promote transparency and accountability of social, environmental and sustainability of accounting information disclosed by organizations.

Electrical Products Ltd. manufactures, among other products, lighting bulbs. Recently, the company launched a new energy saving lighting bulb. The brand manager claims that this new model has a mean life of at least 1800 hours. A quality controller decides to verify the claim and selects a random sample of […]

Describe the controls that auditors should implement when using laptop computers on audits. Give elaborative examples in support of your answer.

Briefly describe five types of software that might be used by auditors in their work other than Computer Assisted Audit techniques.

Many auditors now use laptops computers to perform various audit tasks. However, if audit firms use laptop computers they risk data being corrupted and appropriate controls must therefore be put in place to prevent the corruption of data. a) Explain six ways which auditors can use laptop computers in their […]