Exam (elaborations)
AUE2602 Assignment 7 Semester 1 2024
- Institution
- University Of South Africa (Unisa)
AUE2602 Assignment 7 2024
[Show more]
Content preview
1. UNISA2. 2024
3. AUE2602-24-S1
4. Welcome Message
5. Assessment 7
Assessment 7
Question 1
Not yet answered
Marked out of 2.00
You receive the following information relating to the board of directors of Exclusive Shoes:
Name: Position: Additional notes:
Mr Junior Chairperson of the Board He has a 4% shareholding in
Exclusive Shoes.
Mr Adams Chief Executive Officer He is the chairman of the risk
governance committee.
Mrs Firth (CA)SA Chief Financial Officer She is chairman of the
(CFO) remuneration committee.
Mrs Jane Human Resources director
Mr Xhosa Marketing director
Mrs Malebane Financial manager She is Mrs Firth's right hand,
as she has been with the
business since incorporation
and has a very good
understanding of the business
and its controls.
Mr Trivane Non-executive director He is a major customer of
Exclusive Shoes.
Ms Pule Non-executive director She serves on various boards
of various companies.
Which one of the following members can chair the Audit Committee of Exclusive Shoes in terms of the King IV report?
Select one:
a. Ms Pule
b. Mr Junior
c. Mr Adams
d. Mr Trivane
Clear my choice
, At the year-end count you observe that inventory count sheets are pre-printed with the item code, description and the quantity as per
the inventory system.
Which one of the following statements describes the most appropriate actions to address the above-mentioned weakness of the
inventory count?
Select one:
a. The quantities per the inventory system should be recorded on the inventory sheet as it is not practical to recount all items.
b. The quantities per the inventory system should not be recorded on the inventory sheet and the item should be counted by both
members of the count team.
c. The quantities per the inventory system should be recorded on the inventory sheet to guide the team on the number of items
to be counted.
d. The quantities per the inventory system should not be recorded on the inventory sheet and only one of the count members
should count the item.
Clear my choice
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 MiMemo. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R65,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73216 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now