Auditing and Control (ACCC3206)

Higher Institute of Commerce and Management (HICM)

Semester: Second Semester

Level: 300

Year: 2016

Answers (200 )
12/07/2016
ACC 206: Auditing and Control EXAMS
Instructions: Time Allowed: 3 hours
PLEASE! Be orderly in answering your question!!!!
SECTION A: Answer all questions using answer booklets provided
1.
Define the term Auditing stating who can carry out an audit___________________
__________________________________ 2 Marks
2.
Define internal check. ________________________________________________
__________________________________________ 1Mark
3.
What do you understand by the term “Internal Control” ______________________
__________________________________ 1 Mark
4.
What are the objectives of an audit? ____________________________________
______________________________ 3 Marks
5.
Cite some of the features of auditing _________________ _________ 3 Marks
Section B: Answer all questions using your answering script provided.
1.
Compare Statutory audit and Internal audits l0Marks
2.
What are the principal aspects to be covered during an audit mission 20 Marks
3.
What are the essentials of a good internal check system?
Write short notes on die various forms of internal control 20 Marks
4.
write short notes on the following;
Internal check as regards purchases
Internal cheek as regards wage payments
Internal check as regards sales. 10 Marks
GOOD LUCK! GOOD LUCK!! GOOD LUCK!!
REPUBLIC OF CAMEROON
PEACE- WORK-FATHERLAND
HIGHER INSTITUTE OF COMMERCE
AND MANAGEMENT
THE UNIVERSITY OF BAMENDA
REPUBLIQUE DU CAMEOUN
PAIX-TRAVAIL-PATRIE
UNIVERSITE DE BAMENDA
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