AUE2601 Assignment 2A (COMPLETE ANSWERS) Semester 2 2024 - DUE 18 September 2024
79 views 2 purchases
Course
Auditing Theory and Practice (AUE2601)
Institution
University Of South Africa (Unisa)
Book
Auditing Notes for South African Students
AUE2601 Assignment 2A (COMPLETE ANSWERS) Semester 2 2024 - DUE 18 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us..
Due Date: 18 September 2024
PART A: CALCULATING THE PUBLIC INTEREST SCORE AND NEED FOR AUDIT
1.1 Public Interest Score Calculation: The public interest score is calculated according to Section
28 of the Companies Act, 71 of 2008. For Ball Sport (Pty) Ltd, we need to consider the following
components to calculate the score:
• Number of shareholders: Each shareholder counts for 1 point. Ball Sport has 8
shareholders.
• Number of employees: 1 point is allocated for each employee. Ball Sport has 71
employees.
• Third-party liabilities: The total liabilities of the company are R6,388,000. For every R1
million of third-party liability, 1 point is added, so Ball Sport gets approximately 6.39 points
for liabilities.
• Turnover: Ball Sport has a turnover of R28,200,000. For every R1 million of turnover, 1 point
is added, so the company earns 28.2 points for turnover.
Terms of use
By making use of this document you agree to:
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate, reproduce and/or misrepresent the contents of this document as your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
any representations or warranties, express or implied. The author assumes no liability as a result of
reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
form or by any means.
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 iStudy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.68. You're not tied to anything after your purchase.
