Auditing computerised - Study guides, Class notes & Summaries

Semester 1 2015 MCQs 1. Select the best alternative to complete the following sentence: The key aspects of the King III Report revolve around … 1. alternative dispute resolution (ADR) and risk-based internal audit. 2. sustainability. 3. shareholders and remuneration. 4. leadership, sustainability and corporate citizenship. 2. After incorporation of the company, the board must appoint the audit committee members within how many days? 1. 30 business days. 2. 40 business days. 3. 50 bu...

Aue3702 exam pack solutions AND explained NOTES. QUESTION 2 41 marks Librarians Ltd's (Librarians) main business involves the sale of books to various book stores all over South Africa. You are the audit senior in charge of the audit for the year ended 31 December 2015. Sales Librarians uses an automated sales system. Based on your identification and assessment of risk in the planning stage of the audit of Librarians, you decided to use a combination of tests of details and substantiv...

AUI3701_Study_Guide And Exam summary. AUI3701 - The Internal Audit Process: Planning The Engagement. Incorporating information technology in the planning of an internal auditLearningunit8 Contents 8.1 THE NATURE AND LEVEL OF INFORMATION TECHNOLOGY INCORPORATED INTO THE CLIENT’S SYSTEMS AND BUSINESS PROCESSES 50 8.2 USING INFORMATION TECHNOLOGY IN INTERNAL AUDIT ENGAGEMENTS 51 It is highly unlikely that the internal auditor will be able to provide value-adding services to their organisa...

all notes on specialised accouting techniques and accounting information systems

AUE3701 BEST EXAM REVISION SUMMARY SCORE BETTER GRADES WITH 100%. Preliminary engagement activities • Perform a client investigation • Determine the skills, competencies and resources required • Establish the terms of the engagement Why do we need to perform preliminary engagement activities? Which standards govern this decision? There are 2 main ISAs which deal with this area, namely; • ISA 220 ‘Quality control for an audit of financial statements’ and • ISQC1, the i...

AUE3702 2014 S2 – QUESTION (UNISA) You are an audit senior at Bean Counters Inc. ("Bean Counters"), a firm of registered auditors. Bean Counters were appointed as the auditors of Banana Limited ("Banana") on 1 August 2014, and you were assigned to the statutory audit of Banana for its financial year ended 30 September 2014. Suppose that you are Victor Sitabule. You are responsible tor auditing opening balances, deciding on whether or not reliance may be placed on the work performed by...