Aui 3702 exam pack - Study guides, Class notes & Summaries

AUI 3702 EXAM PACK 2022 , University of South Africa

Recent exam questions and answers and summarized notes for exam preparation. For queries or any assignment help email:

Latest exam pack questions and answers and summarized notes for exam preparation.

latest

The Internal Audit Process: Test of Controls Answers (1.1) C -Unrecorded sales (1.2) B-Completeness (1.3) B- The auditor may misinterpret evidence Inherent risk plus control risk = Risk of material misstatement Risk of material misstatement plus detection risk = audit risk (1.4) A-In response to a subpoena ,an auditor appeared in court of law and disclosed confidential ,a audit related information that could potentially damage the auditor’s organization. CIAP1 (qstn 87). (1.5) C...

AUI 3702 EXAM PACK. The Internal Audit Process: Test Of Controls. Combined assurance is a manner in which the company sets itself up to adequately addresses the significant risk which the company faces. It can be provided by  Internal assurance providers‟ e.g. internal audit, finance function. The focus will be on enabling an effective internal control environment and supporting the integrity of information used for internal decision making by management, the board and its committees. ...

Five components of internal control as per the COSO framework are - Control environment - Control activities - Risk assessment - Information and communication - Monitoring 3.2) Weakness in the above acquisitions and payments cycle includes the following; Ordering of goods  Orders written on a piece of paper made by the order clerk to the buyer may be lost since information on a hard copy may be lost easily.  Footwear Limited may lose sales due to insufficient stock if there are ...

Five components of internal control as per the COSO framework are - Control environment - Control activities - Risk assessment - Information and communication - Monitoring 3.2) Weakness in the above acquisitions and payments cycle includes the following; Ordering of goods  Orders written on a piece of paper made by the order clerk to the buyer may be lost since information on a hard copy may be lost easily.  Footwear Limited may lose sales due to insufficient stock if there are ...

AUI 3702 EXAM PACKAUI 3702 EXAM PACK AUI 3702 EXAM PACK AUI 3702 EXAM PACK

AUI 3702 EXAM PACK.pdf AUI 3702 EXAM PACK.pdf AUI 3702 EXAM PACK.pdf