Question Tag: Regulations

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AAA – Nov 2011 – L3 – SA – Q13 – Public Sector Audits

Identifies an item that does not impact public sector audits in Nigeria.

Which ONE of the following does NOT affect public sector audit?

  • A. Financial regulation
  • B. The 1999 Constitution of the Federal Republic of Nigeria (as amended)
  • C. Statement of Accounting Standard
  • D. Treasury and circular letters
  • E. Finance Act

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FR – Nov 2023 – L2 – Q7a – Regulatory Framework for Financial Reporting

Discusses main sources of financial reporting regulations and reasons for regulatory practices.

Within the context of financial reporting and regulatory frameworks:

i. Discuss the main sources of regulations. (3 Marks)
ii. Discuss TWO reasons why financial reporting practice should be regulated. (2 Marks)

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AAA – Nov 2011 – L3 – SA – Q13 – Public Sector Audits

Identifies an item that does not impact public sector audits in Nigeria.

Which ONE of the following does NOT affect public sector audit?

  • A. Financial regulation
  • B. The 1999 Constitution of the Federal Republic of Nigeria (as amended)
  • C. Statement of Accounting Standard
  • D. Treasury and circular letters
  • E. Finance Act

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FR – Nov 2023 – L2 – Q7a – Regulatory Framework for Financial Reporting

Discusses main sources of financial reporting regulations and reasons for regulatory practices.

Within the context of financial reporting and regulatory frameworks:

i. Discuss the main sources of regulations. (3 Marks)
ii. Discuss TWO reasons why financial reporting practice should be regulated. (2 Marks)

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