Exam (elaborations)
AUI3704 ASSIGNMENT 3
- Course
- Institution
AUI3704 ASSIGNMENT 3 SEMESTER 2
[Show more]
Seller
Follow
mammburundivhuwo
Reviews received
Content preview
Started on Thursday, 31 August 2023, 11:05 AMState Finished
Completed on Thursday, 31 August 2023, 11:20 AM
Time taken 15 mins 1 sec
Marks 49.00/50.00
Grade 98.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Indicate if the following statement is (TRUE) or (FALSE).
The purpose, authority and responsibility of the internal audit activity of an organisation should be
formally documented in an internal audit charter that is approved by the audit committee.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 2
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Indicate if the following statement is TRUE or FALSE.
A charter is being drafted for a newly formed internal audit activity. The appropriate organisational
status that should be incorporated into the charter is that the chief audit executive should report to the
chief executive officer, but that she/he should have access to the board of directors.
Select one:
True
False
Feedback
The correct answer is 'True'.
Question 3
Incorrect
Mark 0.00 out of 1.00
Flag question
Question text
, Indicate if the following statement is (TRUE) or (FALSE).
The policies and guidelines issued by the audit committee are the best starting point for any internal
audit engagement.
Select one:
True
False
Feedback
The correct answer is 'False'.
Question 4
Correct
Mark 1.00 out of 1.00
Flag question
Question text
Indicate if the following statement is (TRUE) or (FALSE).
The appropriate organisational status that should be incorporated into an internal audit charter is that
the chief audit executive (CAE) should report administratively to the chief operating officer (COO).
Select one:
True
False
Feedback
The correct answer is 'False'.
Question 5
Correct
Mark 15.00 out of 15.00
Flag question
Question text
GOVERNANCE (15 Marks)
In terms of the King IV Code, specific responsibilities should be assigned to individuals or a group in
an organisation to achieve governance outcomes.
REQUIRED:
Match the responsibilities (1 to 10) with the appropriate groupings or individuals listed.
Who is responsible for setting an organisation's Answer 1
short-term, medium-term and long-term strategy?
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 $3.73. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now