Day: January 8, 2022

For all processing systems, including computerized systems, accuracy and reliability can be achievable only with conscious planning designed to assure satisfactory results. Information, protection, and control, the objective of internal control earlier, are equally applicable to computerized systems. In order Read More …

There are fundamental differences between manual systems and computerized systems. The manual systems are likely to physical controls as opposed to the computerized systems whereby the controls may be both physical controls and system in – built. The fundamental differences Read More …

Introduction We live in a fast-moving and automated world of information superhighway. No country or organization can afford to be left behind since by doing so, she risks underdevelopment, isolation and backwardness. Most businesses are no longer using the manual Read More …

There are two types of audit reports. These are: Unqualified Reports – these are clean reports whereby the auditor was satisfied that all the necessary information and clarifications were properly made. All the issues that the auditor may have raised Read More …

The Companies’ Act Cap 486 and the Auditing Guideline give the auditor some specific duty regarding the content of the auditors’ report. If certain information is not given in accounts and the financial statements, then this information need to be Read More …

The companies’ Act Cap 486 in the sixth schedule and section 147 requires that the auditor should state whether in his / her opinion the accounts: Give a true and fair view Complies with the Companies’ Act Cap 486 and Read More …