ACE your Auditing first-year exam with this auditing exam preparation quiz. This pack contains a bunch of multiple-choice questions and answers in order to test your understanding of the key principles of auditing.
Question 1
As the financial manager of Cartelli Civils (Pty) Ltd you must provide your auditors with the company’s
public interest score. Your company is a civils construction company that does contractual work for
numerous government and private entities nationwide. Your junior bookkeeper has provided you with the
following summarized information, she believes you’ll require to calculate the public interest score with:
- Turnover R 136 000 000
- Net profit for the year R 24 000 000
- Ordinary share capital R 100 000 000
- Shareholders with direct interest 5
- Average number of employees 3 255
- Third party liabilities R 62 740 000
Based on the provided information, what would Cartelli’s public interest score for their 2019 financial year
equate to?
A. 3 459
B. 1 628
C. 3 559
D. 3 308
A
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