pathfinder - The Institute of Chartered Accountants of Nigeria

PATHFINDER15. Section 29 of Banks and Other Financial Institutions Act CAP B3 LFN 2004 provides thatevery bank shall appoint annually a person referred to as “approved auditor” andsuch auditor shall be approved by …………………16. Where Accounting Standards or guidelines issued in Nigeria conflict with internationalstandards or guidelines, the Nigerian Standards or guideline will……………………………………..17. Loss of a major market is an indicator of problem of threat to……………………..18. State the fundamental means of communication between the auditors and themanagement.19. The audit approach that can be applied in a small charitable organisation is………………………….20. In addition to the characteristics of reliability and credibility of information providedby the traditional auditing function, Assurance services also report on the………………………. and timeliness of the information.SECTION B – ATTEMPT ANY FOUR QUESTIONS (60 MARKS)QUESTION 1a. What is a “Computer Audit Program”? (3 Marks)b. Describe three applications of such a program in connection (6 Marks)with verification of assets.c. Mention six uses to which a computer audit programme can be appliedin the audit of a company.(6 Marks)(Total 15 Marks)INTERMEDIATE EXAMINATION - NOVEMBER 201037