AUE1501 ASSIGNMENT 1 FOR 2ND SEMESTER 2024

AUE1501
ASSIGNMENT 1 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Question 1
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Select the correct alternative.
The public interest score of your private company exceeds the minimum points. Therefore, you need to
appoint an external auditor. However, you wish to appoint a sole practitioner. You are considering the
following options:




a.
Cyril Ponzi, who is registered with IRBA.




b.
Dr Jacob Houdini, who is a registered with the IIA.


c.
Pravin Astley, who is registered with SAIPA. You have heard that he is good with tax.




d.
Julius Mussolini, who is a chartered accountant.
Question 2
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Principle 15 of King IV describes certain recommended practices for internal audit. Identify
the incorrect alternative pertaining to the responsibilities of the governing body towards internal audit.
The governing body should … .




a.
approve an internal audit charter that defines the role and associated responsibilities and authority of
internal audit.


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