Exam (elaborations)
AUE2601 Assignment 3 semester 2 2023
- Institution
- University Of South Africa (Unisa)
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
Content preview
10/4/23, 11:35 AM AUE2601-23-S2: Assessment 3 Dashboard Calendar
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 3
Assessment 3
792480
Attempts allowed: 2
This quiz opened at Wednesday, 4 October 2023, 8:00 AM
This quiz will close on Thursday, 5 October 2023, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 45 mins
Grading method: Highest grade
Summary of your previous attempts
Attempt State Marks / 30.00 Grade / 100.00 Review
1 Finished 28.50 96.33
Submitted Wednesday, 4 October 2023, 10:35 AM
Highest grade: 96..00.
Re-attempt quiz
Jump to...
You are logged in as RISUNA PRIDE MUHLARHI (Log out)
AUE2601-23-S2
Data retention summary
Get the mobile app
https://cas.myexams.unisa.ac.za/mod/quiz/view.php?id=70254 1/1
,10/4/23, 1:38 PM Assessment 3 (page 1 of 8)
Dashboard Calendar
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 3
Question 1
Not yet answered
Marked out of 2.00
Which of the following responses will address the assessed risk of material misstatement at the financial statement level?
Note that there could be more than one correct answer.
a. Increasing the sample size of the operating expenses being tested for validity and accuracy
b. Assigning more experienced staff or those with special skills or using experts
c. Physical verification of all assets and inventory
d. Emphasising to the engagement team the need to maintain professional scepticism
Time left 0:37:35
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=173982&cmid=70254 1/2
,10/4/23, 1:38 PM Assessment 3 (page 1 of 8)
Question 2
Not yet answered
Marked out of 2.00
Dashboard Calendar
Which of the following options does not describe ways in which the auditor can reduce detection risk?
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 3
a. Proper supervision and review of the audit work performed
b.
Proper assignment of personnel to the engagement team
c. Sound planning
d.
Implementing internal controls
e. Proper assignment of personnel to the engagement team
Clear my choice
Jump to...
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=173982&cmid=70254 2/2
, 10/4/23, 1:44 PM Assessment 3 (page 2 of 8)
Dashboard Calendar
Dashboard / My courses / AUE2601-23-S2 / Welcome Message / Assessment 3
Time left 0:31:25
Question 3
Answer saved
Marked out of 2.00
Even though management may put controls in place at a business, these controls and policies sometimes do not provide absolute
assurance that the risks that threaten the objectives of the business will be adequately responded to due to the following reasons:
1. Management’s usual requirement is that the cost of internal control exceeds the expected benefit to be derived (cost/benefit).
2. Judgement errors on the nature and extent of the controls implemented and the risk assumed.
3. The tendency for internal controls to be directed at non-routine transactions rather than routine transactions.
4. The potential for human error due to carelessness, distraction, mistakes of judgement and the misunderstanding of instructions.
5. The possibility of circumvention of internal controls through the collusion of a member of management, or an employee, with
parties outside or inside the company.
Which option correctly indicates the limitations of internal controls?
a.
1 and 5
b. 1, 3 and 4
c.
1, 2, 3, 4 and 5
d. 1, 3 and 4
Clear my choice
https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=173982&cmid=70254&page=1 1/2
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ExpertAcademy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R85,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81113 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now