Day: June 10, 2022

Introduction The auditor’ report is the final product of the audit work. It is usually very short but very important to the enterprise concerned. The auditors’ reports should not by any chance be under – estimated. Most auditors’ reports are Read More …

TOPIC SEVEN CONSUMER CREDIT. DEFINITION OF HIRE PURCHASE This is a contract by which goods are delivered to a person who agrees to make periodical payments by way of hire, with an option of buying the goods after the started Read More …

Introduction The main objective of auditing is the verification of accounting data besides determining the accuracy and reliability of the accounting and financial statements and reports of any business enterprise. Verification does not exactly mean that there is certainty in Read More …

TOPIC 6  CARRIAGE OF GOODS. Carriage of goods, in law is the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the Read More …

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 …