AUDIT OF COMPANY ACCOUNTS
QUESTION 1
December 2023 Question Seven A and B
(a) Enumerate TWO documents that are required to accompany annual returns of company limited by guarantee. (2 marks)
(b) Discuss TWO consequences that could arise when a company fails to lodge proper annual returns on time. (4 marks)
QUESTION 2
August 2023 Question Seven A
Describe FOUR types of opinions that can be issued in an Auditor’s report. (8 marks)
QUESTION 3
April 2023 Question Four B
Outline THREE items contained in a company’s auditor report. (3 marks)
QUESTION 4
August 2022 Question Two C
All limited liability companies need to appoint an auditor whose task is to express an independent opinion on whether financial statements show a true and fair view of the financial performance and position of the company.
Required:
Discuss four instances when it could be deemed that the financial statements present a true and fair view of the company. (8 marks)
QUESTION 5
April 2022 Question Four B
With respect to audit of company accounts, state four grounds which might disqualify a person from being appointed as an auditor of a company. (4 marks)
QUESTION 6
December 2021 Question Four A
(i) Describe the term company’s return date. (2 marks)
(iii) Summarise eight components of a company’s annual return. (8 marks)
QUESTION 7
December 2021 Pilot Paper Question Six A
Explain three items that an auditor would investigate in a company’s financial records to enable the auditor form an opinion about a company’s financial statements. (6 marks)
QUESTION 8
November 2017 Question one A
Jones Tiida is a director of Tenti Ltd., a manufacturing company which was established recently. He has approached you for advice on whether or not the company should appoint auditors in view of the need to save on costs.
In relation to the above statement, advise Jones Tiida on six purposes of auditing company accounts. (6 marks)
QUESTION 9
May 2016 Question three A (ii)
As the company secretary of Jombo Limited, you have been instructed to prepare an annual return for the company for purposes of filing.
Highlight four contents that you would include in the above annual return. (4 marks)
QUESTION 10
November 2015 Question five A
Outline four matters that are required to be expressed in an auditors’ report. (4 marks)
