QUESTION 3 Unity Bank Ple is one of the commercial banks going through financial crises, though not yet declared distres

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Question 3 Unity Bank Ple Is One Of The Commercial Banks Going Through Financial Crises Though Not Yet Declared Distres 1 (142.21 KiB) Viewed 10 times

QUESTION 3 Unity Bank Ple is one of the commercial banks going through financial crises, though not yet declared distressed. As the auditor to the bank, you are mindful of the severe financial difficulties which many such institutions have faced in recent years. Required: Indicate the main lines of enquiry which you would pursue in the course of your review of the bank's accounts to assess its financial strength as a going concern. QUESTION 4 You are a chartered accountant in practice. You are approached by the proprietor of a local bakery organization to act as his auditor. Required: Describe the system of internal control you could put over the bakery operations. QUESTION 5 You have been appointed the auditor of North-County Hotels Limited. Required: Discuss the special features of a hotel audit.