AUI3702 EXAM PACK
MAY/JUNE 2014
QUESTION 1 MULTIPLE CHOICE 1-D
2-A
3-A
4-C
5-D
6-D
7-D
8-B
9-C
10-B
QUESTION 2
2.1.
Weaknesses Controls
Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should ...
QUESTION 1
MULTIPLE CHOICE
1-D
2-A
3-A
4-C
5-D
6-D
7-D
8-B
9-C
10-B
QUESTION 2
2.1.
Weaknesses Controls
Overtime hours are not approved by Having to work overtime should be
section head of supervisors and approved by the section head or
employees work overtime as the the supervisors
feel.
The security personal who mans the Security personnel should be present at
entrance is only in place during all times to ensure that employees
busy periods. clocks only once with the clock card
There is no segregation of duties as There should be segregation on duties
Apple Smith now almost everything in in respect to duties carried out by apple
the department smith probably a senior personnel who
reviews the duties carried out by him
The clock cards are not made in terms of The personnel department should
authorized employee list prepare the clock cards in terms of
the
authorized employee list
No segregation of duties Apple smith should not perform all the
duties, there should be segregation of
duties in respect to duties performed
by
apple smith
There are no independent Independent reviews and checks on the
reconciliations and reviews on the work work performed by apple smith should
2
,performed by be
apple smith and there are only random carried out regularly and not on random
3
, checks basis
Granny tree cashes the cheque, Segregation of duties is more essential
prepares the pay packets and updates at this level as fraud can be facilitated by
the accounting records having one person performing
all functions
Employees are not required to present Employees are required to present
their identification when collecting their identification when collecting
their their
payment payment
The two senior personnel who have The two senior personnel should have
conducted the payment have not reconcile the unclaimed wages with
reconciled the unclaimed wages with the register
the
register
Question 3
3.1 Explain step by step how you would select a
sample Establish the objectives of the sampling plan
-define the extent and composition of the population
-select a sampling method
-determine the sample size to be taken
-evaluate and report results
3.2. Calculate sample size
Sample size = total value of population
J,Factor
= 500 000
10869,6 = 46.10
Calculation of J Factor
= precision
Reliability factor
=(0,05 x 500 000)
2.3
=10869,6
Sample interval = total value of PP
4
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