void plagiarism, the work should be in your own words, copying from students or
other resources without proper referencing will result in ZERO marks. No exceptions.
ll answered must be typed using Times New Roman (size 12, double-spaced) font.
No pictures containing text will be accepted and will be considered plagiarism).
ubmissions without this cover page will NOT be accepted.
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Assignment Question(s):
(Marks15)
Q1. Suppose you are an auditor who has been tasked with looking into the internal
controls at a company. How can you evaluate the company’s internal controls to see if
they are sufficient?
(5Marks)
Q2. Why do companies use the allowance method to account for bad debts? Describe
the diverse methods used to estimate bad debts in an accounting system. Provide
examples for each method.
(5Marks)
Q3. Consider that you own a business that purchases equipment for 50,000SR. How
would you calculate this asset’s depreciation? Use the different methods to depreciate
the equipment.
Note: To calculate depreciation, you must provide the salvage value, useful life, and
annual units produced.
(5Marks)
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