Exam (elaborations)
AUI2601 Assignment 1 Semester 1 2024
- Module
- Institution
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3/11/24, 1:26 PM Assessment 1: Attempt reviewAUI2601-24-S1 Welcome Message Assessment 1
QUIZ
Started on Monday, 11 March
2024, 12:26 PM
State Finished
Completed on Monday, 11 March
2024, 1:26 PM
Time taken 59 mins 12 secs
Question 1
Complete
Marked out of 1.50
Common Body of Knowledge (CBOK)
represents ...
a. moral framework within which WHATSAPP EXPERT ACADEMY
individuals may practise. 0833851178
b. ethical code that should be
complied with.
c. the minimum level of knowledge
that must be mastered.
d. a professional body that
represents the interest of its
members.
Question 2
Complete
Marked out of 1.00
State whether the following statement is
true or false.
The most important advantage offered
by regular exposure of the activities of an
organisation to an internal audit review, is
closely linked to the purpose of an
internal audit, namely the assistance
rendered to the management of the
organisation to help them attain their
objectives.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15489271&cmid=869440 1/17
,3/11/24, 1:26 PM Assessment 1: Attempt review
Question 3
Complete
Marked out of 12.00
The table below is a summary of the key
differences between intenal and external
auditing.
Complete the table by selecting the
correct answer.
Factor Internal Audit External Audit
Audit Covers all the organisation’s operations. Works primarily with financial systems.
coverage
Audit time Performs audits throughout the year Mostly a year-end process
frame
Methodology Risk-based audits Vouching and verification
Legislation Legally required in the public sector Legally required for all registered companies
Certification Certified Internal Auditor (CIA) Chartered Accountant (CA)
Membership Institute of Internal Auditors (IIA) South African Institute of Chartered Accountants (SAICA)
affiliation
Question 4
Complete
Marked out of 1.50
Which of the following best describes the
four (4) functions of management?
a. Planning, reviewing, controlling
and organising.
b. Organising, directing, evaluating
and planning.
c. Organising, planning, controlling
and directing.
d. Planning, directing, monitoring
and objective setting.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15489271&cmid=869440 2/17
, 3/11/24, 1:26 PM Assessment 1: Attempt review
Question 5
Complete
Marked out of 1.00
State whether the following statement is
true or false.
Internal auditors are bound to an
organisation, but are not obligated to
regularly report to the board and
management of an organisation.
Select one:
True
False
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15489271&cmid=869440 3/17
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