RSSCategory: Study Articles

Certified Accounting Technician – Syllabus and Study Guides

| January 1, 2008 | 0 Comments

Paper 1 Recording Financial Transactions Objectives – “To develop knowledge and understanding of the operational aspects of maintaining accounting records and procedures relating to invoicing, receipts and payments, recording income and expenditure, the preparation of ledger accounts and the preparation of an initial trial balance.” Paper 2 Information and Management Control Objectives – “To develop […]

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The Auditors Responsibility in the area of Fraud

| January 1, 2008 | 0 Comments

Steven Collings takes a look at the auditor’s responsibility in the area of fraud. In 2005 International Standards on Auditing (UK & Ireland) replaced the Statement of Auditing Standards (SAS's) that governed the audit profession in the UK and Ireland. The introduction of ISA's saw a lot more emphasis being placed on the auditor's responsibility […]

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Limited Liability Partnerships

| January 1, 2008 | 0 Comments

Steven Collings gives an overview of the limited liability partnerships. The Limited Liability Partnerships Act 2000 was introduced as a new form of legal entity, effectively “revamping" non-incorporated bodies, namely partnerships. Limited Liability Partnerships (LLPs) have become increasingly popular since the introduction of the new legislation and more and more traditional partnerships are adopting LLP […]

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Audit Evidence and Audit Procedure

| January 1, 2008 | 0 Comments

Steven Collings gives an overview of audit evidence and audit procedure and the distinctions between the two. Auditors have a statutory responsibility to report whether or not an entity's financial statements represent a true and fair view of the state of their affairs. Auditors have to undertake a thorough examination of the accounting records, procedures, […]

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