Auditing

Required Through a beginning, elucidate to the directors (a ) Why Is the need for an audit. (5 marks) (b) how the evidence off notorious crew may be appointed subordinate the companies Act (5 marks) (c) What are the hues and powers of an evidence subordinate the Companies Act (10 marks ) (d) The responsibilities of the directors in ratio to the accounting ,abstraction and inside controls functions of Brian Ltd. (10 marks ) QUESTION 2 The livelihood of evidence Anarchy Is animate to the credibility of the audit In the minds of the users of the financial narratements . Professional methods has been seen as nature one of the further satisfactory methods of satisfactory methods of achieving evidence anarchy than narrate methods although infallible sections of the Companies 's Act possess a direction on such anarchy. (a ) narrate and elucidate the two sides of evidence anarchy (8 marks ) (b ) Elucidate the point that may threaten evidence ' Anarchy and objectivity(10 marks ) ( c) Elucidate mom the measures that evidences may Implement In manage to market delay the threats (12 marks) Question 3 The directors of Mellon Manufacturing possess asked your rooted to act as their evidences for the year ended 30 September. They procure be investigation their existing evidences to abandon, as they do not agree a absorb telling employment. The coadjutor contemplated for provision to Mellon Manufacturing holds a alliance certificate and a certificate of registration as a registered evidence through the COCA. The contemplated coadjutor is scheduled for system Investigation by the COCA method monitoring item. A) Relate the investigations you would propel out and religions matters you would weigh precedently you can sanction the provision as the crew's evidence. (8 marks) (b) Elucidate why it is influential that an evidence should grant a message of pledge to the client foregoing to subordinatetaking an audit. (4 marks) (b) Briefly relate the ocean space of a message of pledge which you would grant to the directors of Mellon Manufacturing. (8 marks)