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AUI3703 ASSIGNMENT 4 SOLUTIONS 2021 SEMESTER 1 AND 2 SAMIGO
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AUI3703 ASSIGNMENT 4 SOLUTIONS 2021 SEMESTER 1 AND 2 SAMIGO
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ContentsAUI3703 ASSIGNMENT 4 SOLUTIONS 2021 SEMESTER 1 AND 2............................................... 1
QUESTION 1.......................................................................................................................................... 1
Question 1 (10 marks) ........................................................................................................................... 1
The following general and application controls are in place at Breakout Ltd: ....................................... 1
Question 2 (28 marks) ............................................................................................................................. 3
One of the audit engagements listed in the annual risk-based internal audit plan of the Department of
Labour was an information technology (IT) General Control Review. As the CAE, you assigned the
internal audit manager to conduct the audit and the scope of the audit limited to IT general controls. . 3
2.2 Discuss the conditions that you as the IT auditor will take into account when deciding whether or
not to use CAATTS in the audit engagement. ........................................................................................ 8
2.3 Briefly discuss the three performance implementation standards that specifically address the
internal auditor’s assurance engagement responsibilities regarding information systems and
technology. .............................................................................................................................................. 9
3.1 the nature of the consulting engagements (6); ................................................................................ 10
3.2 with reference to the IIA Standards, how the IIA Standards provides for internal auditors to
conduct consulting engagements with specific reference to internal auditor objectivity, independence
and due professional care (6). ............................................................................................................... 10
AUI3703 ASSIGNMENT 4 SOLUTIONS 2021 SEMESTER 1 AND 2
QUESTION 1
Question 1 (10 marks)
The following general and application controls are in place at Breakout Ltd:
a. The log of amendments to the debtor’s master file is reviewed by Charly Shine the
credit controller on a regular basis.
b. All programme changes to the revenue and receipts application software are approved
by, inter alia, the financial accountant.
c. To download a daily bank statement over the internet, Themba Solomon must, in
addition to entering her user ID and password, enter an additional PIN provided by the
bank.
d. Backup copies of all master files should be stored offsite.
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