Accountant Restrained From Disposing Assets

The High Court in Mombasa has barred a ex- chief accountant from accessing or disposing property worth millions of shillings with her ex- boss claimed the assets were obtained using cash stolen from Habo Group of Companies. Inside an attention certified as urgent, Justice Jackton Ojwang restrained Mercy Musera from interfering with several titles of …

Is internal audit at a turning point

Before unification CA, I worked pro a generous broadcast accounting firm. One of my responsibilities was to go self-determining reviews of internal audit organizations to determine if they complied with IIA values. One of the generally frustrating parts of these reviews was assessing internal audit career paths. Invariably the head of internal audit and, if …

Payoff on Forward Contracts

Forward contracts are privately executed between two parties. The buyer of the underlying commodity or asset is referred to as the long side whereas the seller is the short side. The obligation to buy the asset at the agreed price on the specified future date is referred to as the long position. A long position …

Forward and Futures Contracts

In this article we introduce two examples of derivatives: forward and futures contracts. We also analyze the possible payoffs and profits of these two securities. Forwards and futures are very similar as contracts but differ in pricing and trading mechanisms. For example, forwards are traded over the counter (i.e. contract specification can be customized) whereas …

More Excel Shortcuts

Here is a summary in a tabulated form. Check this out. Copy on to a excel sheet for better readability. Good luck. Key Alone Shift Ctrl Alt Shift Ctrl F1 Help What’s This Help Insert Chart Sheet F2 Edit Mode Edit Comment Save As F3 Paste Name Formula Paste Function Define Name Names From Labels …

Perfect Internal Control.!!!

This question is usually asked what perfect internal controls are; this question has very straight forward answer, There is no such thing as a perfect internal control system … reason being there are inherent limitations, which typically cannot be controlled, like

Forensic auditing

‘Forensic auditing’ covers a broad spectrum of activities, with terminology not strictly defined in regulatory guidance. Generally, the term ‘forensic accounting’ is used to describe the wide range of investigative work which accountants in practice could be asked to perform. The work would normally involve an investigation into the financial affairs of an entity and …

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