[TEST 1: DPA5043 AUDITING AND ASSURANCE] June 1, 2020

TEST 1
DPA5043: AUDITNG & ASSURANCE

1. Audit working paper is a record gathered by the auditor to document all audit work with details in
audit process, time taken, and name of the auditor who carries out the work, findings and
conclusions on the test result by the auditor. Identify TWO (2) importance of audit working paper.
[CLO1,C1]
(4 marks)
2. There are seven (7) broad categories of audit evidence gathering techniques that auditors may
use. Given below are the various sources of evidence that the auditor may gather in order to draw
conclusions on which the audit opinion is based. From the list given below, recognize these
sources evidence of into internal or external evidence. [CLO1,C1]
a. Duplicate sales invoices
b. Bank statements
c. Hire purchase agreement
d. Articles of Association
e. Vendor’s invoices
f. Payroll time cards
g. Payment Boucher
(7 marks)
3. Illustrate FIVE (5) of the suitable audit procedures on inventory and work in progress in to audit
program template below: [CLO1,C3]
Client: Prepared by: Date:
Period: Reviewed by: Date:
Subject:
Objective:
Procedures:
1.
2.
3.
4.
5.
(10 marks)
 [TEST 1: DPA5043 AUDITING AND ASSURANCE] June 1, 2020

4. The transition from manual controls or ‘pen/paper technology’ to an electronic environment has
obviously challenged the way the auditor works. Interpret TWO (2) challenged that impact of
information technology on the audit function. [CLO1,C3]
(4 marks)