Exam (elaborations)
AUE2601 ASSIGNMENT 1 SEMESTER 1 2023
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DISTINCTION MATERIAL, ALL YOU NEED, ACE YOUR AUDITING
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By: pheliswawana • 1 year ago
By: jauntelleels • 1 year ago
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,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=79 Dashboard Calendar
Dashboard / My courses / AUE2601-23-S1 / Welcome Message / Assessment 1
Started on Tuesday, 21 March 2023, 11:07 AM
State Finished
Completed on Tuesday, 21 March 2023, 11:40 AM
Time taken 33 mins 10 secs
Marks 26.67/30.00
Grade 88.89 out of 100.00
Question 1
Complete
Mark 2.00 out of 2.00
Which one of the following statements is correct?
a. In the case of a compilation engagement, the auditor expresses a reasonable level of assurance.
b. In the case of an engagement to perform agreed-upon procedures, the auditor expresses a moderate level of assurance.
c. In the case of an audit engagement, the auditor expresses a reasonable but not absolute level of assurance.
d. In the case of a review engagement, the auditor expresses an absolute level of assurance.
1 of 10 3/21/2023, 11:41
,Assessment 1: Attempt review https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=79
Question 2
Complete
Mark 2.00 out of 2.00
Dashboard Calendar
Which of the following options describe(s) the requirements of the engagement partner relating to ethical requirements and
Dashboard / My courses / AUE2601-23-S1 / Welcome Message / Assessment 1
independence from an audit client throughout an audit engagement?
More than one option may be correct.
a. The engagement partner shall have an understanding of the relevant ethical requirements, including those related to
independence, that are applicable given the nature and circumstances of the audit engagement.
b. The engagement partner shall remain alert throughout the audit engagement, through observation and making inquiries as
necessary, for breaches of relevant ethical requirements or the firm’s related policies or procedures by members of the
engagement team.
c. If matters come to the engagement partner’s attention that indicate that a threat to compliance with relevant ethical
requirements exists, the engagement partner shall evaluate the threat through complying with the firm’s policies or procedures,
using relevant information from the firm, the engagement team or other sources, and take appropriate action
d. Prior to dating the auditor’s report, the engagement partner shall take responsibility for determining whether relevant ethical
requirements, including those related to independence, have been fulfilled
2 of 10 3/21/2023, 11:41
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