Exam (elaborations)
AUI2601 Assignment 1 Semester 2 2024( QUALITY ANSWERS) DISTINCTION GUARANTEED
- Institution
- University Of South Africa (Unisa)
AUI2601 Assignment 1 Semester 2 2024 with a 95% grading
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By: natashamark380 • 2 months ago
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UNISA 2024 AUI2601-24-S2 Welcome Message Assessment 1QUIZ
Started on Monday, 12 August 2024, 1:20 PM
State Finished
Completed on Monday, 12 August 2024, 3:56 PM
Time taken 2 hours 35 mins
Grade 57.50 out of 60.00 (95.83%)
Question 1
Complete
Mark 10.00 out of 10.00
For each of the activities listed, indicate whether it will form part of an assurance- or consulting engagement.
1. Determining whether procedures relating to reporting are being compiled with. Assurance engagement.
2. Determining whether all applicable statutory requirements are being complied with. Assurance engagement.
3. Conducting special engagements requested by management where internal audit can add value through their knowledge
and skills, yet still remain independent and act in an advisory capacity based on the results of such engagements.
Consulting engagement.
4. Reviewing the reliability of records. Assurance engagement.
5. Communicating in an authoritative manner with management by means of reporting to improve and add value.
Consulting engagement.
6. Independence from the normal policy-making function by only identifying and recommending areas of improvement or
change. Consulting engagement.
7. Assisting directly with the discovery of fraud and error. Assurance engagement.
8. Reinforcement of all systems and controls by evaluating their adequacy and application. Assurance engagement.
9. Providing training and facilitating workshops on behalf of management. Consulting engagement.
10. Identifying and recommending areas of improvement or change in an advisory capacity. Consulting engagement.
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