Aui 3702 - Study guides, Class notes & Summaries

2014 S1 A1 1.1 Which one of the following types of audit tests would be the most persuasive if an internal auditor wanted assurance of the existence of inventory stored in a warehouse? 1. . 1.2 Which one of the following is the best source for an internal audit team to use in identifying common external risks faced by a company? 1.3 Working papers should include … 1. . 1.4 An internal auditor found that the supervisor does not properly approve employee time records in one departmen...

Exam questions and answers from past papers from 2014-2021

AUI3702 EXAM PACK MAY/JUNE 2014 QUESTION 1 MULTIPLE CHOICE 1-D 2-A 3-A 4-C 5-D 6-D 7-D 8-B 9-C 10-B QUESTION 2 2.1. Weaknesses Controls Overtime hours are not approved by section head of supervisors and employees work overtime as the feel. Having to work overtime should be approved by the section head or the supervisors The security personal who mans the entrance is only in place during busy periods. Security personnel should be present at all times to ensure that em...

AUI3702 - ASSIGNMENT 04 SOLUTIONS (SEMESTER 01 - 02) - 2021Dear Student As part of this tutorial letter, we wish to inform you that Unisa has implemented a transformation charter based on five pillars and eight dimensions. In response to this charter, we have also placed curriculum transformation high on the agenda. For your information, curriculum transformation includes the following pillars: student-centred scholarship, the pedagogical renewal of teaching and assessment practices, the sc...

Chapters 8: Risk of Fraud an Illegal Acts 1. Corruption a. Acts in which individuals wrongfully use their influence in a business transaction in order to procure some benefit for themselves or another person 2. Common fraud perpetrator red flags a. Living beyond their means b. Experiencing financial difficulties c. Excessive organizational pressure 3. Fraud a. Any illegal act characterized by deceit, concealment, or violation of trust 4. Misappropriation of assets a. Pilferage b. Emb...

QUESTION 2 2.1) Combined assurance is a manner in which the company sets itself up to adequately addresses the significant risk which the company faces. It can be provided by  Internal assurance providers‟ e.g. internal audit, finance function. The focus will be on enabling an effective internal control environment and supporting the integrity of information used for internal decision-making by management, the board, and its committees.  External assurance provider‟s e.g. exter...