pathfinder - The Institute of Chartered Accountants of Nigeria

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PATHFINDER8. Statements which state how the basic procedures contained in standards are to beapplied are described asA. auditing procedures.B. Guidelines.C. statutory procedures.D. accounting standards.E. professional pronouncements.9. Which of the following is in the broad category of information in the AuditPlanning Memorandum?A. Audit engagement letter.B. Audit working papers.C. Background of the client.D. List of overseas suppliers.E. Directors service contracts.10. The letter prepared by the auditor for the client company at the auditors‟instance setting out description and definition of certain contingentresponsibilities isA. representation letter.B. solicitors‟ letter.C. confirmation letter.D. management letter.E. circularization letter.11. The concern of auditors regarding compliance with corporate governance codesinvolvesA. occurrence.B. completeness.C. confirmation of claims in annual report.D. cut-off procedure.E. classification testing.INTERMEDIATE EXAMINATION - NOVEMBER 201032
PATHFINDER12. The auditor, in carrying out his assignment, ensures that the following are inorder EXCEPTA. consistency of the application of accounting policies.B. compliance with legal requirements.C. reliability of the opening balances.D. preparation of the chairman‟s statements.E. appropriateness of the comparative figures included in the account.13. Auditing standards differ from auditing procedures in that procedures relate toA. measurement of performance.B. audit principles and practices.C. acts to be performed.D. audit programmes.E. audit judgments.14. The primary objective of the examination of financial statements by anapproved auditor of a bank is the expression of independent opinion onA. the competence of management in accounting matters which is impliedby whether the opinion is qualified or not.B. the conformity of the financial statements with the books of account .C. the conformity of the financial statements with auditing standards.D. the fairness with which the financial statements present the operationalresults.E. the conformity of the financial statements with accounting standards andbanking operational standards.15. The primary responsibility for the adequacy of disclosure in the financialstatements of a limited liability company rests with theA. partner assigned to the audit engagement.B. audit manager in charge of the field work.C. management of the company.D. Securities and Exchange Commission.E. Corporate Affairs Commission.INTERMEDIATE EXAMINATION - NOVEMBER 201033
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Page 60 and 61: PATHFINDERSECTION B: ATTEMPT ANY FO
Page 62 and 63: PATHFINDERQUESTION 3Mr. James makes
Page 64 and 65: PATHFINDERQUESTION 6SOULINE Company
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Page 70 and 71: PATHFINDERIncome tax payable 14,259
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Page 74 and 75: PATHFINDERAll the above principles
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PATHFINDER15. The statistic that di
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PATHFINDERQUESTION 6A survey on the
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PATHFINDEREXAMINERS‟ REPORTThe qu
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pathfinder - The Institute of Chartered Accountants of Nigeria

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