CURRENT TRENDS QUESTION AND ANSWERS

QUESTION 1 Maxwell and Associates, an audit firm comprising three professional accountants has been in operation for the past three years. The staff in the firm includes two junior auditors and two trainees. The firm’s clients include small companies, partnership Read More …

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GROUP AUDITS QUESTION AND ANSWERS

QUESTION 1 Your audit firm, Ricky Rose and Co., Certified Public Accountants have recently been appointed the auditors of Impact Group Ltd. which is a highly geared manufacturing concern: The holding company is based in Nairobi with several small manufacturing Read More …

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M ANAGEMENT OF AUDIT PRACTICE QUESTIONS AND ANSWERS

QUESTION 1 Your firm audits H-Pound Ltd., a recognized East Africa’s premier engineering construction and infrastructure company that undertakes construction contracts which include roads, bridges, warehouses, factories and offices. H-Pound Ltd.customers include governments and businesses. Recent cut-backs in local government Read More …

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