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Aue2601 Assignment 4 Semester 2 2023
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10/9/23, 3:21 PM AUE2601-23-S2: Assessment 4 Dashboard Calendar
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 4
Assessment 4
792626
Attempts allowed: 2
This quiz opened at Monday, 9 October 2023, 8:00 AM
This quiz will close on Tuesday, 10 October 2023, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 45 mins
Grading method: Highest grade
Summary of your previous attempts
Attempt State Marks / 30.00 Grade / 100.00 Review
1 Finished 30.00 100.00
Submitted Monday, 9 October 2023, 4:20 PM
Highest grade: 100..00.
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AUE2601-23-S2
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,10/9/23, 3:35 PM Assessment 4 (page 7 of 8)
Dashboard Calendar
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 4
Question 13
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In terms of ISA 200, when conducting an audit of financial statements, the auditor is required to:
1) Comply with ethical requirements relating to an audit of financial statements
2) Plan and perform the audit with professional skepticism
3) Exercise professional judgement in planning and performing an audit of financial statements.
4) Conduct an audit in accordance with International Standards on Auditing
Indicate which of these statements are incorrect.
a.
1, 2, 3 and 4
b. 2 and 3
c.
1 and 3
d. None of the options
Clear my choice
Time left 0:31:08
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=177600&cmid=70255&page=6 1/2
, 10/9/23, 3:35 PM Assessment 4 (page 7 of 8)
Question 14
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The financial director of Lovely Cakes (Pty) Ltd has informed the engagement partner on the audit that if the audit fee is not reduced
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 4
by 25%, she will appoint a new audit firm.
Which one of the following alternatives will be the most appropriate safeguard that should be implemented according to the SAICA
Code of Professional Conduct?
a. The engagement partner must ensure that he reduces the audit fee in order to retain the client.
b.
No safeguard is necessary as there is no threat to the fundamental principles.
c. The audit firm must remove themselves from the audit and report a reportable irregularity to the IRBA.
d. The firm should have quality-control procedures in place to review the desirability of continuing the professional relationship
with the client, if the fees are reduced
Clear my choice
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https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=177600&cmid=70255&page=6 2/2
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