Compliance Audit – NBC Institute

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

Question

a. Explain the following terms in relation to Public Sector Audit:
i. Self-Accounting Unit (2 Marks)
ii. Sub-Accounting Unit (2 Marks)

b. As a staff in the Auditor-General’s office, outline SIX procedures for the audit of revenue collected on behalf of the government. (6 Marks)

c. i. Distinguish between Regulatory Audit and Financial Audit. (2 Marks)
ii. State SIX documents an auditor of a Public Sector Organisation may require in conducting a Compliance Audit. (3 Marks)
(Total 15 Marks)

Answer

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Tags: Compliance Audit, Financial audit, Public Sector Audit, Regulatory Audit, Revenue Collection
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

Question

Briefly discuss the THREE types of audit responsibility of the Auditor-General for the Federation in line with Financial Regulation (2009 Edition). (12 Marks)

Answer

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Tags: Auditor General, Compliance Audit, Financial audit, Financial Regulations
Level: Level 2

Topic: Public sector audit

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

Question

The firm of Hazeem is being considered as the Auditor of Kunte Plc. The company has approached you for advice on his duties as an auditor.

Required:
State three matters that Hazeem’s audit must cover.

Answer

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Tags: Auditor Duties, Company Law, Compliance Audit, Financial audit
Level: Level 1

Topic: Company Law
Series: MAY 2016

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

Question

To ensure that government business is carried out properly in Ministries, Departments and Agencies (MDAs) and Metropolitan, Municipal and District Assemblies (MMDAs), the Auditor-General may carry out compliance audit and report the outcome to the auditee and Parliament.

Required:

i) Explain compliance audit in relation to MMDAs. (2 marks)

ii) Assess the basis for the conduct of compliance audit in MMDAs. (4 marks)

iii) Discuss the main information that should be contained in the compliance audit report. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance Audit, MMDAs, Public Sector Audit, Reporting
Level: Level 3

Topic: Government external audit and public accountability

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

Question

a. Explain the following terms in relation to Public Sector Audit:
i. Self-Accounting Unit (2 Marks)
ii. Sub-Accounting Unit (2 Marks)

b. As a staff in the Auditor-General’s office, outline SIX procedures for the audit of revenue collected on behalf of the government. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance Audit, Financial audit, Public Sector Audit, Regulatory Audit, Revenue Collection
Level: Level 3

Topic: Public sector audit
Series: NOV 2012

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

Question

Briefly discuss the THREE types of audit responsibility of the Auditor-General for the Federation in line with Financial Regulation (2009 Edition). (12 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor General, Compliance Audit, Financial audit, Financial Regulations
Level: Level 2

Topic: Public sector audit

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

Question

The firm of Hazeem is being considered as the Auditor of Kunte Plc. The company has approached you for advice on his duties as an auditor.

Required:
State three matters that Hazeem’s audit must cover.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditor Duties, Company Law, Compliance Audit, Financial audit
Level: Level 1

Topic: Company Law
Series: MAY 2016

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

Question

Required:

i) Explain compliance audit in relation to MMDAs. (2 marks)

ii) Assess the basis for the conduct of compliance audit in MMDAs. (4 marks)

iii) Discuss the main information that should be contained in the compliance audit report. (4 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Compliance Audit, MMDAs, Public Sector Audit, Reporting
Level: Level 3

Topic: Government external audit and public accountability

Question Tag: Compliance Audit

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AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

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Question Tag: Compliance Audit

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AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

You're reporting an error for "AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit"

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit"

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

You're reporting an error for "BL – May 2017 – L1 – SB – Q6e – Company Law"

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

You're reporting an error for "AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability"

AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit

This question covers the terms related to public sector audit, procedures for auditing revenue, and the distinction between regulatory and financial audits.

You're reporting an error for "AAA – Nov 2012 – L3 – SB – Q3 – Public Sector Audit"

PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit

Explains the three audit responsibilities of the Auditor-General under the Financial Regulation 2009.

You're reporting an error for "PSAF – Nov 2023 – L2 – Q2b – Public Sector Audit"

BL – May 2017 – L1 – SB – Q6e – Company Law

Highlights three critical areas that an auditor must focus on while auditing a company.

You're reporting an error for "BL – May 2017 – L1 – SB – Q6e – Company Law"

AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability

Explain compliance audit in MMDAs, its basis, and the main information in the compliance audit report.

You're reporting an error for "AAA – Nov 2019 – L3 – Q4b – Government External Audit and Public Accountability"

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