Other
AUI3701 Assignment 1 Semester 1 2023
- Course
- Institution
AUI3701 Assignment 1 Answers Semester 1 2023
[Show more]
1 review
By: portiamphahlele • 1 year ago
Seller
Follow
mammburundivhuwo
Reviews received
Content preview
Started on Monday, 27 March 2023, 10:08 AMState Finished
Completed on Monday, 27 March 2023, 10:30 AM
Time taken 21 mins 49 secs
Marks 18.00/20.00
Grade 90.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Select the incorrect option. A preliminary survey must be documented and should
among other include the following:
a.
Identification of significant engagement issues that might require in-depth testing.
b.
Identification of potential control deficiencies.
c.
Identification of risk area
d.
Identification of the potential audit opinion in the final engagement report.
Feedback
The correct answer is: Identification of the potential audit opinion in the final
engagement report.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Select the correct option. One of the purposes of the International Standards for the
Professional Practice of Internal Auditing (Standards) is to...
,Question duplicated
a.
Foster the improvement of the organisational processes and operations.
b.
Reduce the risk of business failure caused by ineffective processes and operations.
c.
Reduce the level of fraud faced by the organisation.
d.
Improve the organisational status of the internal auditing function.
Feedback
The correct answer is: Foster the improvement of the organisational processes and
operations.
Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
Select the correct option. Internal auditors apply their knowledge, skills, and experience
needed in the performance of internal audit services. Internal auditors shall...
a.
Not use information for any personal gain or in any manner that would be contrary to
the law or detrimental to the legitimate and ethical objectives of the organisation.
b.
Not participate in any activity or relationship that may impair or be presumed to impair
their unbiased assessment (Conflict of interest).
c.
On a continuous basis improve their proficiency, effectiveness and quality of their
services.
d.
, Observe the law and make disclosures expected by the law and the profession.
Feedback
The correct answer is: On a continuous basis improve their proficiency, effectiveness and
quality of their services.
Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Zizipho is employed as an internal auditor intern. Zizipho is informed by the internal
audit manager to avoid any relationship that may or may not appear to be in the best
interest of the organisation and could prejudice the internal auditor’s ability to perform
his or her duties objectively. Under which scenario would there be no conflict of interest
committed by the internal auditor?
a.
Accepting a gift of a significant value to from the auditee.
b.
Borrowing money from the head of the department being audited.
c.
Facilitating a Control Risk Self-Assessment (CRSA) workshop.
d.
Auditing an area which the internal auditor’s ex-spouse is heading.
Feedback
The correct answer is: Facilitating a Control Risk Self-Assessment (CRSA) workshop.
Question 5
Correct
Mark 1.00 out of 1.00
Flag question
Question text
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller mammburundivhuwo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.32. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77254 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now