Question 1

Provide the control objectives the auditor must ensure when auditing the acquisition and payment cycle audit. [10 marks] CLO2

Question 2

Explain why auditors today need to provide key audit matters in their audit report of the company. [10 marks] CLO2

Question 3

Explain when performing an auditor, the auditor could sometimes be permitting the sum of the tolerable misstatement to exceed overall materiality. [10 marks] CLO2

Question 4

Describe the five (5) parts of the audit of the inventory cycle. [10 marks] CLO3

Question 5

Explain the five (5) conditions which are required to issue the standard unqualified audit report. [10 marks] CLO2