AUE2602
Assignment 2B Semester 1 2024
Detailed Solutions, References & Explanations
Unique number: 881128
Due Date: 4 April 2024
PART A
QUESTION 1 (2 ANSWERS PROVIDED)
Concern Reason
Inadequate number of meetings The King IV Report on Corporate Governance for
South Africa 2016 recommends that the audit
committee should meet at least twice a year to fulfill
its duties effectively. Holding only one meeting during
the financial year does not seem sufficient to oversee
the company’s financial reporting processes, internal
control systems, and the audit process
comprehensively.
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