Tentamen (uitwerkingen)
AUE2602 Assignment 5 Semester 2 2024 All Questions covered 100%
- Vak
- Instelling
AUE2602 Assignment 5 Semester 2 2024 All Questions covered 100%
[Meer zien]Voorbeeld 3 van de 23 pagina's
Voorbeeld 3 van de 23 pagina's
In winkelwagen
In winkelwagen
gesponsord bericht van onze partner
13 beoordelingen
Door: 65129679W • 2 weken geleden
Door: koketsomokgele • 3 weken geleden
Door: sftwala • 1 maand geleden
Door: moitiisetsi • 3 weken geleden
Door: tashirikamccarthy • 3 weken geleden
great work
Door: molatelar • 1 maand geleden
Door: mpanzacindy • 3 weken geleden
Verkoper
Volgen
ExpertAcademy
Ontvangen beoordelingen
Voorbeeld van de inhoud
Assessment 5: Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2400 Dashboard Calendar
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 5 / Assessment 5
Started on Wednesday, 23 October 2024, 2:00 PM
State Finished
Completed on Wednesday, 23 October 2024, 2:23 PM
Time taken 23 mins 9 secs
Marks 60/60
Grade 100 out of 100
Question 1
Correct
Mark 2 out of 2
You are the audit senior assigned to the audit of TeleBuz Limited (TeleBuz), an airtime wholesale company based in Johannesburg.
You obtain an understanding of the process followed by the company to pay their suppliers. TeleBuz purchases airtime in bulk from the
different network providers in South Africa and also purchases printing paper in bulk upon which its clients print their airtime vouchers.
As part of control procedures, the creditors clerk compares the following on the supplier invoice to the signed supplier delivery note:
- Only goods ordered were received and accepted.
- The quantity ordered, received and invoiced reconcile with each other.
- The prices on the supplier invoice are accurate in terms of the purchase order.
- Casting on the invoice and VAT is accurate.
Which one of the following alternatives best describes the control objective(s) achieved by the above-mentioned procedure performed
by the creditors clerk at TeleBuz?
Select one:
a. Occurrence and accuracy of invoicing for payment
b. Cut-off of invoicing for payment
c. Classification of invoicing for payment
d. Accuracy and completeness of invoicing for payment
The correct answer is: Accuracy and completeness of invoicing for payment
1 of 23 2024/10/23, 14
,Assessment 5: Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2400
Question 2
Correct
Mark 2 out of 2
Dashboard Calendar
There has been a spike in phishing attacks, Malspams and ransomware attacks as COVID-19 is used as bait to impersonate brands,
Dashboard / My courses
thereby misleading / AUE2602-24-S2
employees / AUE2602
and customers. To whomAssessment 5 / Assessment
should the responsibility 5
for implementation and execution of effective
technology and information management in an organisation be delegated?
Select one:
a. The Board
b. The Information and communications technology (ICT) of the organisation
c. Management
d. The Chief Information Officer
The correct answer is: Management
Question 3
Correct
Mark 2 out of 2
Select the correct alternative relating to the disclosures required regarding the duties of the audit committee in terms of the King IV
Report. In addition to the required statutory disclosure recommended for all the committees of the governing body, the following
should be disclosed in relation to the audit committee:
1) a statement as to whether the audit committee is satisfied that the external auditor is independent of the organisation
2) the audit committee’s views on resolving disputes relating to the company’s operations
3) the audit committee’s views on the quality of the external audit
4) the audit committee’s views on the effectiveness of the chief audit executive and the arrangements for internal audit
5) the audit committee’s views on the process for determining the accounting principles to be applied in the annual financial
statements
6) the arrangements in place for combined assurance and the audit committee’s views on its effectiveness
Select one:
a. 1, 3, 4 and 6
b. 2, 3, 4, 5 and 6
c. 1, 4 and 6
d. 1, 3, 4, 5 and 6
The correct answer is: 1, 3, 4 and 6
2 of 23 2024/10/23, 14
,Assessment 5: Attempt review https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=2400
Question 4
Correct
Mark 2 out of 2
Dashboard Calendar
1. Green-Green Market Ltd is a wholesaler supplying fresh fruits and vegetables to a number of large retail grocery stores across
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 5 / Assessment 5
South Africa. Green-Green Market Ltd purchases inventory (fruits and vegetables) directly from farmers and repackage the fruits and
vegetables into smaller units for household consumption, before sales to retail stores take place. The following control procedure takes
place in the acquisition and payments cycle:
On transfer of goods from the receiving bay to the warehouse, the stores clerk, Mr Stork, signs the goods received note to acknowledge
acceptance of the goods.
Which one of the following alternatives best describes the correct control procedure?
a. Reference: Richard, Roets, Adams and West (2021:11/11)
E. On transfer of goods from
the receiving bay to the
warehouse, the stores clerk, Mr It is correct that the stores clerk (also called the warehouse clerk) should sign for
Stork, compares the physical acceptance of goods within the store/warehouse area, however, they must first do a
goods to the goods received comparison of the physical goods to the GRN before signing for them, to confirm that all
note before signing the goods goods that the receiving clerk said are being moved to the stores, are in fact being
received note to acknowledge received by the store clerk.
acceptance of the goods.
b. A. On transfer of goods from the receiving bay to the warehouse, the stores clerk, Mr Stork, performs at least a superficial test of
the condition of the goods, before signing the goods received note to acknowledge acceptance of the goods.
c. D. On transfer of goods from the receiving bay to the warehouse, the stores clerk, Mr Stork, signs the delivery note to acknowledge
acceptance of the goods.
d. B. On transfer of goods from the receiving bay to the warehouse, the stores clerk, Mr Stork, should accept inventory short
delivered but identify such goods clearly on the goods received note, before both parties (the deliverer and the receiver)
sign for the amendments made.
e. C. On transfer of goods from the receiving bay to the warehouse, the receiving clerk, Mr Stork, signs the goods received note to
acknowledge acceptance of the goods.
Your answer is correct.
The correct answer is:
E. On transfer of goods from the receiving bay to the warehouse, the stores clerk, Mr Stork, compares the physical goods to the goods
received note before signing the goods received note to acknowledge acceptance of the goods.
3 of 23 2024/10/23, 14
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ExpertAcademy. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €4,65. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 67474 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen