Auditing in the public sector – Questions and Answers

Subject Title: Auditing and Assurance Revision Kit

Topic: Auditing in the public sector

QUESTION 1
December 2022 Question Four A
Explain the “THREE Es” of a value for money audit. (6 marks)

QUESTION 2
January 2022 Question Five A
In the context of auditing in the public sector:
(i) Describe four roles of Parliament and County Assemblies, or their equivalents, in public audit. (4 marks)
(ii) Explain the salient features of “regulatory audits”, “forensic audits” and “performance audits”. (6 marks)
(iii) Summarise four reasons for qualified audit reports in the public sector. (4 marks)

QUESTION 3
May 2021 Question Four D
In the context of auditing in the public sector, evaluate four objectives of performance audits. (4 marks)

QUESTION 4
November 2020 Question Two D
Evaluate three approaches used in performance auditing in the Public Sector. (3 marks)

QUESTION 5
November 2019 Question Four C
Describe four objectives of public sector auditing. (4 marks)

QUESTION 6
May 2018 Question Three C
In the context of public sector auditing, distinguish between “performance audits” and “compliance audits”. (4 marks)

QUESTION 7
November 2016 Question One B
In the context of International Standards of Supreme Audit Institutions (ISSAI) 100 “Fundamental Principles of Public Sector Auditing”, discuss four principles relating to planning an audit. (8 marks)

QUESTION 8
May 2016 Question One A
In the context of International Standards of Supreme Auditing Institutions 3100. “Performance Audit Guidelines – Key Principles”:
(i) Define the term “performance auditing”. (2 marks)

(ii) Discuss the three approaches that might be taken in examining the performance of the audited entity. (6 marks)

QUESTION 9
November 2015 Question One B
Discuss the three E’s of value for money auditing as used in public sector auditing.
(6 marks)
QUESTION 10
September 2015 Question Three D
Outline how an audit committee may be of assistance in the relationship between the internal auditor and external auditor. (5 marks)