6 (a) Explain the term ‘money laundering’. (3 marks)
6 (a) Explain the term ‘money laundering’. (3 marks)
6 (a) Explain the term ‘money laundering’. (3 marks)
In relation to the law of contract, distinguish between and explain the effect of:
(a) a term and a mere representation; (3 marks)
(b) express and implied terms, paying particular regard to the circumstances under which terms may be implied in contracts. (7 marks)
2 (a) Explain the term ‘backflush accounting’ and the circumstances in which its use would be appropriate.
(6 marks)
(ii) Identify and explain the principal audit procedures to be performed on the valuation of the investment
properties. (6 marks)
(b) Explain the advantages and the disadvantages of:
(i) the face to face interview between two people; (6 marks)
(b) Briefly explain the two types of informal communication known as the grapevine and rumour. (6 marks)
(ii) Explain THREE strategies that might be adopted in order to improve the future prospects of Diverse
Holdings Plc. (6 marks)
(c) Explain the extent to which you should plan to place reliance on analytical procedures as audit evidence.
(6 marks)
(b) Explain THREE problems in undertaking a performance comparison of GBC and TTC and also explain THREE
items of additional information that would be of assistance in assessing the operating and financial
performance of GBC and TTC. (6 marks)
In the context of contracts of employment, explain the common law duties imposed on:
(a) employers; (6 marks)
(b) employees. (4 marks)