Day: June 10, 2022

Introduction An audit can be carried out on the enterprises both large and small, and both new and well established. The audit of smaller enterprises has special features. This chapter describes the stages involved in the audit of an established Read More …

TOPIC FIVE NEGOTIABLE INSTRUMENTS   NATURE AND CHARACTERISTICS What is a negotiable instrument? This is a document which represents money and the title in passes to a bona fide transferee free from only defect. It is a chose in action. Read More …

TOPIC FOUR LAW OF INSURANCE NATURE OF THE CONTRACT Insurance is an important part of modern life. Individuals and businesses take out insurance to protect themselves from loss that may occur due to damage to property or loss of life. Read More …

Introduction Generally the audit to be undertaken depends on the reason as to why the auditing exercise is required. There are quite a number of types of audits. These are: Statutory Audits Private Audits Internal Audits Management Audits Government Audits Read More …

TOPIC 3 LAW OF AGENCY AGENY Meaning “An agent is a person employed to do any act for another or to represent another in dealings with third persons. The person for whom such is done, or who is represented, is Read More …

Introduction The topic considers the auditor’s interests in both accounting systems and internal control systems. The auditor has a lot interest in accounting and internal control systems since their adequacy will be vital. Strong systems of accounting and internal control Read More …

TOPIC TWO SALE OF GOODS. Introduction Businesses and consumers are usually free to contract on whatever terms they see fit. However, contracts involving sales of goods can be subject to a range of statutory provisions. It is important to distinguish Read More …

Introduction This topic attempts at explaining the procedure and require of engaging auditor. Before starting any professional engagement, it is important that the professional agree in writing, the precise scope and the nature of the work to be done. This Read More …

TOPIC ONE. LAW OF CONTRACT A contract is an agreement between two parties with the intention to create legal relations. ESSENTIALS ELEMENTS OF A VALID CONTRACT Offer and acceptance Consideration Intention to create legal relations Capacity of the parties Lawful Read More …

LAW OF CONTRACT – Click to download  SALE OF GOODS – Click to download LAW OF AGENCY – Click to download LAW OF INSURANCE – Click to download NEGOTIABLE INSTRUMENTS NATURE AND CHARACTERISTICS – Click to download CARRIAGE OF GOODS Read More …