Month: February 2021

AUDITOR’S LEGAL, ETHICAL & PROFESSIONAL RESPONSIBILITIES  PART  2 AUDITOR’S RESPONSIBILITY IN RELATION TO FRAUD AND FOR THE ENTITIES COMPLIANCE WITH LAWS AND REGULATIONS Fraud An auditor’s main concern in an audit is the risk of a material misstatement in the Read More …

AUDITOR’S LEGAL, ETHICAL & PROFESSIONAL RESPONSIBILITIES PART 1 PROFESSIONAL AND ETHICAL RESPONSIBILTIES ISA 200 sets out the general principles of an audit.  The auditor should comply with the code of ethics for professional accountants issued by the International Federation of Read More …

THE AUDITOR AND THE AUDIT ENVIRONMENT The Statutory Audit The Companies Acts depending on the applicable jurisdiction shall require that the majority of all companies must have an audit carried out.  An exemption exists for small companies depending on the Read More …

INTRODUCTION There has been a huge growth in information that is available today in all aspects of business.  The use of the internet has made access to information relatively easy and more and more information is been required in all Read More …

Property law or the law of property is the area of law concerned with the study of the legal relations between persons with respect to things. The things in question are, as economists convince us, scarce resources, for where things Read More …

SECTION  1:  Definition and distinct characteristics of negotiable instruments  Definition The negotiable instrument refers to a promissory note, bill of exchange or cheque payable either to order or bearer. These three instruments are usually characterised as negotiable instruments. Some writers Read More …

SECTION 1. DEFINITION OF THE CONTRACT OF INSURANCE AND INSURER A contract of insurance is a contract whereby a person called insurer undertakes, against payment of a premium or more, to provide a person named insured or beneficiary a cash Read More …

Modern business is becoming more complex day by day. As such it is not possible for an individual to carry out business singly. He must necessarily depend on others for the efficient running of the business. He must delegate some Read More …

SECTION 1. Definition A contract of sale of goods is a contract whereby the seller transfers or agrees to transfer the property in goods to the buyer for a price in the form of money. A contract of sale may Read More …

SECTION 1. General overview on Contract The scope of the law governing contract The article one of the new legislation governing contracts has defined the scope of the law in order to clarify the parts of the Civil Code Book Read More …