ca24-auditing-and-assurance-pilot-paper
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DATE 06 Dec 2025
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About This Document
Document Type: This is a Assessment, designed for Evaluating understanding of key concepts.
Context: Standard material from the 2021 academic period.
Key Content: Likely covers essential definitions, structured questions to test your proficiency.
Study Strategy: Summarize these notes into flashcards or mind maps to aid active recall and long-term retention.
Recommendation: comprehensive resource for students aiming to deepen their understanding of General Studies.
Detailed Content Overview
Introduction
This notes resource titled "ca24-auditing-and-assurance-pilot-paper" provides comprehensive exam preparation materials designed to test and enhance your understanding. This resource is structured to facilitate effective learning and retention of important information.
Key Topics Covered
Learning Objectives
- Develop comprehensive understanding of key topics
- Apply learned concepts to real-world scenarios
- Strengthen critical thinking and analytical skills
- Achieve academic excellence in notes
Detailed Summary
CPA INTERMEDIATE LEVEL PILOT PAPER AUDITING AND ASSURANCE December 2021. Marks allocated to each question are shown at the end of the question. QUESTION ONE (a) Explain the meaning of the term “inherent risk”. (b) (2 marks) State with reasons five factors that would affect the initial assessment of inherent risk at the financial statement level. (10 marks) State four general controls that should exist to prevent unauthorised access to a company’s computer system from the remote terminals. (8 marks) (Total: 20 marks) QUESTION TWO Data analytics has been described as one of the modern ways of analysing data in various professional fields. Highlight the challenges that the auditors will encounter when using data analytics during the course of the audit. (10 marks) (Total: 20 marks) QUESTION THREE You have been assigned to assist your audit senior in auditing a new client, Happy Land Limited. During the course of you reviewing and understanding the company’s internal control system, you discovered the following information: w w (b) 1.
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CPA INTERMEDIATE LEVEL PILOT PAPER AUDITING AND ASSURANCE December 2021. Time Allowed: 3 hours. Answer ALL questions. Marks allocated to each question are shown at the end of the question. QUESTION ONE (a) Explain the meaning of the term “inherent risk”. (b) (2 marks) State with reasons five factors that would affect the initial assessment of inherent risk at the financial statement level. (10 marks) State four general controls that should exist to prevent unauthorised access to a company’s comp...
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