100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
AUI3702 Exam Pack 2024 $5.53
Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. The Internal Audit Process: Test of Controls (AUI3702)

Exam (elaborations)

AUI3702 Exam Pack 2024
 23 views  0 purchase
  • Course
  • The Internal Audit Process: Test of Controls (AUI3702)
  • Institution
  • University Of South Africa (Unisa)

This is an exhaustive compilation of all AUI3702 question papers and answers. I wish you all the best of luck in your exams. Remember that preparation time is not wasted time!

Preview 4 out of 94  pages

Document information

  • October 16, 2024
  • 94
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • aui3702 exam pack

Written for

  • University of South Africa (Unisa)
  • The Internal Audit Process: Test of Controls (AUI3702)
All documents for this subject (30)

Seller

avatar-seller
rehobothtutors

Reviews received

Content preview

AUI3702
EXAM PACK
2020 - 2024
Rehoboth Tutors




Rehoboth Tutors @2024

, MAY/JUNE 2024




2.1 E - Ordinary errors are being made.
2.2 D - Types of internal control activities (Segregation of duties).
2.3 G - Measure the effectiveness of the preventive control (Detective control).
2.4 H - Must be signed and dated by the internal auditor who prepared it (Working paper).
2.5 B - Information that supports engagement observations and recommendations and is
consistent with the objectives of the engagement (Relevant information).
2.6 J - Documentary evidence (Supplier's invoice).
2.7 I - The conclusion that the internal auditor reaches based on the analysis of a sample will


Rehoboth Tutors @2024

,differ from those conclusions that would be reached by examining the entire population
(Sampling risk).
2.8 C - A written description of the business process or business unit, which includes the
internal control activities in the system (System description).
2.9 A - The characteristics in the sample selected are approximately the same as those of the
population (Representative sample).
2.10 F - Engagement procedures are performed to determine whether a transaction,
financial statement balance or operational activity is correctly reflected as indicated in
records (Substantive testing procedures).




Rehoboth Tutors @2024

, 3.1
Collection of Cash from the Cash Registers (4 Marks)
1. Dual Custody during Cash Collection:
o Cash should be collected from the registers by two authorized employees
(e.g., the till supervisor and one cashier). This ensures that no single person
has full control over the cash collection process, reducing the risk of theft or
fraud.


Rehoboth Tutors @2024

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 rehobothtutors. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.53. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

53022 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.53
  • (0)
Add to cart
Added