Exam (elaborations)
Aue2602 Assignment 1 Semester 2 2024 0 6 4 5 1 6 7 2 7 5
- Institution
- University Of South Africa (Unisa)
Aue2602 Assignment 1 Semester 5 1 6 7 2 7 5
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8/14/24, 10:46 AM Assessment 1: Attempt review Dashboard Calendar
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 1 / Assessment 1
Started on Wednesday, 14 August 2024, 10:24 AM
State Finished
Completed on Wednesday, 14 August 2024, 10:48 AM
Time taken 23 mins 53 secs
Marks 30/30
Grade 100 out of 100
Question 1 whatsapp 0645167275
Complete whatsapp 0645167275
Mark 2 out of 2 whatsapp 0645167275
Which ONE of the following alternatives will not lead to the financial director being held liable for contravention of the standards of
director’s conduct in terms of the Companies Act 71 of 2008?
Select one:
a. failing to act in good faith and for a proper purpose
b. failing to inform the board of all the environmental law changes
c. failing to act in the best interest of the company
d. failing to disclose to the board a personal financial interest
Question 2
Complete
Mark 2 out of 2
Which ONE of the following control activities is an example of isolation of responsibility?
Select one:
a. An independent employee should regularly reconcile the debtors ledger with the debtors control account in the general ledger.
b. The company’s production foreman should sign the schedule of overtime before he or she hands it to the wages clerk for it to
be calculated and paid.
c. The order clerk in the sales department of a company should issue the internal sales order (ISO), the warehouse clerk should
perform the picking of the goods on the order in the warehouse and the dispatch clerk should dispatch the goods for delivery
to the customer.
d. Access to the inventory warehouse should be controlled by means of a turnstile gate and a security guard checking goods
leaving the warehouse.
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=218601&cmid=71041 1/7
, 8/14/24, 10:46 AM Assessment 1: Attempt review
Question 3
Complete
Mark 2 out of 2
Dashboard Calendar
Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective?
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 1 / Assessment 1
Select one:
a. carelessness on the part of an employee
b. collusion
c. the tendency to direct internal controls - at routine transactions rather than non-routine transactions
d. cost constraints
Question 4
Complete
Mark 2 out of 2
Select the option that best answers the following question:
Which of the following parties are responsible for the internal control process of an entity?
Select one:
a. the board of directors
b. the management, the board of directors and the employees
c. the employees of the entity and the management
d. the management and the board of directors
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=218601&cmid=71041 2/7
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