ca34s2-advanced-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 Study Notes, designed for Reviewing core curriculum material.
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.
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This notes resource titled "ca34s2-advanced-auditing-and-assurance-pilot-paper" contains valuable educational content for academic study and reference. This resource is structured to facilitate effective learning and retention of important information.
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Detailed Summary
CPA ADVANCED LEVEL PILOT PAPER ADVANCED AUDITING AND ASSURANCE December 2021. Marks allocated to each question are shown at the end of the question. QUESTION ONE You are a manager in XYZ and Co. , an international firm of auditors with specific responsibility for the quality of audits. The firm was appointed auditor of Masaku Savings and Credit Cooperative (MSCC) a provider of savings and credit services to its employees located in all parts of the country. You have just visited the audit team at MSCC head office. The audit team comprises of the manager and two audit assistants. MSCC’s draft accounts for the year ended 31 December 2020 are summarised as follows: Masaku Savings and Credit Co-operative Society Ltd. Annual report and financial statements for the year ended 31December 2020 ‘000’ ‘000’ 65 62 0 0 65 62 Sh. “000” Total assets 11,283,668 10,910,696 Members' deposits 10,301,544 9,528,044 Loans to members 10,692,984 9,540,914 Share capital 116,000 111,000 Total revenue 393,713 843,070 Total interest income 382,113 827,970 Total expenses 116,773 139,674 Current assets 11,279,009 10,904,040 Membership - Active Dormant w 2019 w 2020 w.
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CPA ADVANCED LEVEL PILOT PAPER ADVANCED 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 You are a manager in XYZ and Co., an international firm of auditors with specific responsibility for the quality of audits. The firm was appointed auditor of Masaku Savings and Credit Cooperative (MSCC) a provider of savings and credit services to its employees located in all parts of the cou...
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