Accountancy & Auditing · 2020

CSS 2020 Accountancy & Auditing Paper II

3 questions from this paper.

  1. Q1
    Discuss the auditor's responsibility for the detection and prevention of fraud. Differentiate between fraud and error in the context of an annual audit.
    Past paper Audit Planning & Fraud 20 marks
  2. Q2
    List and explain the 'allowable deductions' while calculating 'Income from Business' under the Income Tax Ordinance 2001.
    Past paper Tax Deductions 20 marks
  3. Q3
    Explain the concept of Bond Pricing. How does the market interest rate affect the price of a fixed-rate bond?
    Past paper Bond Pricing & Finance 20 marks

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