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AUI Assignment 2 solution
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AUI3704/202/2/2020Tutorial Letter 202/2/2020
The Internal Audit Process: Managing the
Internal Audit Activity
AUI3704
Semester 2
Department of Auditing
IMPORTANT INFORMATION:
SUGGESTED SOLUTION TO ASSIGNMENT 02 0F 2020 FOR THE SECOND
SEMESTER.
BARCODE
, SUGGESTED SOLUTION TO COMPULSORY ASSIGNMENT 02 OF 2020
This tutorial letter provides feedback on compulsory Assignment 02. You need to study the
contents of this tutorial letter carefully because it will provide you with valuable insight and assist
you with your examination preparation. The study references are provided to assist you.
Therefore, please refer to them to obtain a better understanding of the suggested solution.
QUESTION 1 50 marks
1.1 Risk factors that would be taken into account for the risk assessment
References:
King IV
Practice advisory 2120-1
1. Poor ethical climate and undue pressure on management of hospitals to meet
objectives. (1)
2. Lack of competency, adequacy and integrity of personnel. (1)
3. Medical staff is not appropriately qualified. (1)
4. Quality of care. (1)
5. Long stay of patients in hospital. (1)
6. Hospital fees. (1)
7. Appropriateness of medical equipment utilised in hospitals. (1)
8. Security measure to secure hospital assets and staff and patients. (1)
9. Compliance with laws, regulations, and contracts. (1)
10. Record keeping of patients admitted and discharged. (1)
11. Audit findings on prior year audit reports. (1)
12. Insufficient number of staff members per hospital. (1)
13. High turnover of staff. (1)
14. Shortage of hospital beds and high number of patients per hospital. (1)
15. The size of the buildings and gardens of a specific hospital which should be
maintained. It can have an impact on both the budget and available staff. (1)
16. Poor financial and economic conditions currently experienced in the medical
environment. (1)
17. Whether the hospital has undergone annual financial audits. (1)
18. Size of the budget per hospital in relation to objectives to be met. (1)
2
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