Types of audit opinions

Unqualified opinion. Disclaimer opinion Qualified opinion Adverse opinion 1. Unqualified opinion. This is issued when the auditor is satisfied in all material aspects that enable him express the required opinion on financial statements without any reservation. This is sometimes called Read More …

Share this:

Basic elements of auditors report

The Companies Act does not stipulate the form the auditor‘s report should take. The auditing standards seek to ensure that the auditor‘s report is clear and unambiguous. To this end, it seeks to standardize the form of the auditor‘s report. Read More …

Share this:

2016 September – December KCA Past Papers

BCT3202  ADVANCED NETWORK MANAGEMENT KCA Past Paper BIT1110  MATHEMATICS FOR SCIENCE KCA Past Paper BIT1206  DISCRETE MATHEMATICS KCA Past Paper BIT1303 BBIT105  PROGRAMMING METHODS  KCA Past Paper BIT2108  OBJECT ORIENTED PROGRAMMING KCA Past Paper BUSS 102 BUSINESS MANAGEMENT KCA Past Read More …

Share this:

Auditor’s reports

Section 162(1) of the Companies Act stipulates the statements that should be expressly stated in the auditor‘s report. These are; Whether the auditor has obtained all the information and explanation which to the best of his knowledge and belief were Read More …

Share this:

Reporting unethical behaviour-the report contains

An appropriate declaration that the expert understands his duty to the court and has complied with that duty. A statement of truth relevant curriculum vitae detailing qualifications and experience appropriate to the opinion expressed The substance of all material instructions Read More …

Share this:

Forensic audit

This is the process of gathering , analysing and reporting on data, in a pre-defined context for the purpose of finding facts and/or evidence in the context of financial /legal disputes /or irregularities and giving preventive advice in this area. Read More …

Share this:

Compilation engagement

The objective of compilations is to collect, summarize and classify financial information i.e. using accounting rather than auditing expertise into understandable form e.g. financial statements. In a compilation engagement, the accountant is engaged to use accounting expertise as opposed to Read More …

Share this:

The engagement letter

We have established that the directors and auditors of a limited company have very precise legal duties, we are also aware that modern accountancy firms thrive on their ability to provide a wide range of professional services in addition to Read More …

Share this:

Procurement audit engagement

A procurement audit is the independent examination of, and expression of opinion on, the procurement records of an enterprise by an appointed auditor in pursuance of that appointment and in compliance with any relevant statutory obligation: If we take the Read More …

Share this: