Corporate Governance in Accountancy - AUE2602 (AUE2602)
Institution
University Of South Africa (Unisa)
Book
Auditing Notes for South African Students
AUE2602 Assignment 2A (COMPLETE ANSWERS) Semester 1 2024 (881128) - DUE 4 April 2024 ;100% TRUSTED workings, explanations and solutions. for assistance Whats-App.......0.6.7..1.7.1..1.7.3.9............ PART A
Question 1
You are a trainee accountant assigned to the audit of DataTech, a data servic...
Concern Reason
Lack of Independence The King IV Report mandates that the audit
committee should comprise solely of independent
non-executive directors. In the given scenario, only
Mrs. Colt is identified as an independent non-
executive director. Mr. Appleton, being the marketing
director and the chairperson of the board, and Miss
Marks, being the financial director, do not meet the
independence criteria. This composition undermines
the audit committee’s autonomy and objectivity,
thereby not aligning with the recommendations of the
King IV Report. Terms of use
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