100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Exam (elaborations) AUE2602 Assignment 4A (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 May 2024 • Course • Corporate Governance in Accountancy (AUE2602) • Institution • University Of South Africa (Unisa) • Book • Auditing Notes for South African Students AUR44,77
Add to cart
Exam (elaborations) AUE2602 Assignment 4A (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 May 2024 • Course • Corporate Governance in Accountancy (AUE2602) • Institution • University Of South Africa (Unisa) • Book • Auditing Notes for South African Students AU
Exam (elaborations)
AUE2602 Assignment 4A (COMPLETE ANSWERS) Semester 1 2024 - DUE 9 May 2024
• Course
• Corporate Governance in Accountancy (AUE2602)
• Institution
• University Of South Africa (Unisa)
• Book
• Auditing Notes for South African Students
AUE2602 Assignment 4A (COM...
Exam (elaborations)
AUE2602 Assignment 4A
(COMPLETE ANSWERS) Semester
1 2024 - DUE 9 May 2024
Course
Corporate Governance in Accountancy
(AUE2602
[School]
[Course title]
, Exam (elaborations)
AUE2602 Assignment 4A (COMPLETE ANSWERS)
Semester 1 2024 - DUE 9 May 2024
Course
Corporate Governance in Accountancy (AUE2602)
Institution
University Of South Africa (Unisa)
Book
Auditing Notes for South African Students
AUE2602 Assignment 4A (COMPLETE ANSWERS) Semester 1 2024 -
DUE 9 May 2024 ;100% TRUSTED workings, explanations and soluti ons.
for assistance Whats-App...0743275643...........
ShoeCraft (Pty) Ltd is a reputable shoe manufacturing company known for
its high-quality footwear. As an auditor conducting an inventory cycle audit,
you have been tasked with evaluating ShoeCraft's internal controls. During
your review, you note the following: 1. Mrs Nike is responsible for receiving
completed goods at the companys warehouse. She checks the slip
received from the production section, compares it with the number of boxes
entering the warehouse and signs it. She then updates the inventory
records on the company’s accounting system, Thyme-Accounting, by
signing in with her unique password. 2. The warehouse has four entry
points, therefore entering and exiting the warehouse are quick processes.
3. Staff responsible for filling orders can manage their task quickly by
entering through sliding doors and selecting the boxes that they need from
the shelves. 4. These staff members then manually write down which stock
they have taken from the selves on a list kept in the warehouse. 5. This list
is then totaled at the end of the week and the Thyme-Accounting system is
updated accordingly. 6. The Thyme-Accounting system is not updated in
real timebecause staff has not been trained to use the system, and prefer
not to engage with the system unless it is absolutely necessary. 7. When
staff do need to access the system, they use Mrs Nike’s password to gain
access to and update the necessary records. 8. Inventory counts take
place once a year, just before the year-end audit. 9. There are no
established procedures for reconciling physical inventory counts with the
inventory records in the system. 10. The company lacks consistency in its
inventory valuation methods. This is due to a disagreement between two of
its diretors, Miss Adidas and Mr Puma. 11. Staff in the production
department complain about insufficient documentation of raw material.
AUE2602/assessment4/semester1/2024 Page 3 of 3
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 lakeli2018. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R44,77. You're not tied to anything after your purchase.
