Question Tag: Legislation

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BL – May 2012 – L1 – SA – Q1 – Sources of Nigerian Law

Identify the official name of a law passed by the National Assembly and signed by the President.

State the official name of a law which is made by the National Assembly and signed by the President.

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AA – Nov 2021 – L2 – Q6 – Ethical Issues in Auditing

Explains reasons for auditor resignation, resignation procedures, and ethical position for successor auditors.

Ade, Chika, Idris and company is an independent firm of Chartered Accountants. The firm intends to resign its appointment for non-payment of professional fees to it for some time by the management of Tisco Ventures Limited.

Required:

a. Explain other reasons that may cause a professional firm to resign from an audit engagement. (3 Marks)

b. Explain the procedures for the resignation of current auditors as per provision of company legislations. (10 Marks)

c. State the ethical position as stated in the ICAN code on another auditor taking up the appointment after the resignation of the current auditor applicable to this type of situation. (2 Marks)

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BL – May 2014 – L1 – SA – Q1 – Sources of Nigerian Law

Identifying the name of laws made by the National Assembly.

Laws made by the National Assembly are known as ____________.

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BL – May 2023 – L1 – SA – Q12 – Company Law

Identify the term for a law passed by the National Assembly and assented to by the President.

A law passed by the National Assembly and assented to by the President is referred to as:

A. Edict
B. By-law
C. Decree
D. Act
E. Bill

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PSAF – Dec 2023 – L2 – Q5a – Public sector fiscal planning and budgeting

Discuss ways Parliament can enhance public financial management in Ghana.

Parliament has a constitutional mandate to scrutinize government spending. This oversight function is vested in the legislature as a fundamental principle of the separation of powers. There is, however, the need to improve the capacity of Parliament, especially the committees given the authority to keep the executive in check and to spend within the budget.

Required:
Discuss FOUR (4) ways by which Parliament can enhance public financial management in Ghana, bearing in mind relevant legislations. (10 marks)

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BL – May 2012 – L1 – SA – Q1 – Sources of Nigerian Law

Identify the official name of a law passed by the National Assembly and signed by the President.

State the official name of a law which is made by the National Assembly and signed by the President.

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AA – Nov 2021 – L2 – Q6 – Ethical Issues in Auditing

Explains reasons for auditor resignation, resignation procedures, and ethical position for successor auditors.

Ade, Chika, Idris and company is an independent firm of Chartered Accountants. The firm intends to resign its appointment for non-payment of professional fees to it for some time by the management of Tisco Ventures Limited.

Required:

a. Explain other reasons that may cause a professional firm to resign from an audit engagement. (3 Marks)

b. Explain the procedures for the resignation of current auditors as per provision of company legislations. (10 Marks)

c. State the ethical position as stated in the ICAN code on another auditor taking up the appointment after the resignation of the current auditor applicable to this type of situation. (2 Marks)

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BL – May 2014 – L1 – SA – Q1 – Sources of Nigerian Law

Identifying the name of laws made by the National Assembly.

Laws made by the National Assembly are known as ____________.

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BL – May 2023 – L1 – SA – Q12 – Company Law

Identify the term for a law passed by the National Assembly and assented to by the President.

A law passed by the National Assembly and assented to by the President is referred to as:

A. Edict
B. By-law
C. Decree
D. Act
E. Bill

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PSAF – Dec 2023 – L2 – Q5a – Public sector fiscal planning and budgeting

Discuss ways Parliament can enhance public financial management in Ghana.

Parliament has a constitutional mandate to scrutinize government spending. This oversight function is vested in the legislature as a fundamental principle of the separation of powers. There is, however, the need to improve the capacity of Parliament, especially the committees given the authority to keep the executive in check and to spend within the budget.

Required:
Discuss FOUR (4) ways by which Parliament can enhance public financial management in Ghana, bearing in mind relevant legislations. (10 marks)

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