Exam (elaborations)
AUE2602 Assignment 6 Semester 1 2024 {all questions covered}
- Course
- Institution
The document contains Assignment question Together with answers Distinction Guaranteed 100% multiple Attempts done Whtsapp
[Show more]
Seller
Follow
SmartTutors
Reviews received
Content preview
Assessment 6 (page 1 of 15) https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=206 Dashboard Calendar
Dashboard / My courses / AUE2602-24-S1 / Welcome Message / Assessment 6
Time left 1:27:39
Question 1
Not yet answered
Marked out of 2
Starlight Wholesalers Ltd is a manufacturer of branded sneakers for retail stores. The audit senior has requested that you attend the
year-end inventory count.
At the year-end inventory count you observe that the warehouse controller walks through the warehouse and inspects that all sections
are counted. He further selects items at random for counting and supervises count teams recounting items where there are
discrepancies.
Which one of the following statements reflects the most correct impact of the above-mentioned observation on the inventory count?
Select one:
a. The warehouse controller can be confident that all items of inventory in the warehouse were counted and exists.
b. The warehouse controller can be confident that any differences from the physical count and perpetual records are due to theft.
c. The warehouse controller can be confident that the damaged or obsolete inventory has been identified.
d. The warehouse controller can be confident that all count sheets were accurately completed.
Clear my choice
1 of 2 2024/05/20, 10
,Assessment 6 (page 1 of 15) https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=206
Question 2
Not yet answered
Marked out of 2
Dashboard Calendar
You are the audit senior assigned to the audit of TeleBuz Limited (TeleBuz), an airtime wholesale company based in Johannesburg.
Dashboard / My courses / AUE2602-24-S1 / Welcome Message / Assessment 6
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.
TeleBuz has an airtime management system in which their purchases of airtime vouchers from the different networks are housed as well
as where their clients can download the stock they wish to purchase for printing.
The sales manager is the only person with write access to the airtime management system to set the pre-order levels for stock. He also
determines which personnel receive notifications once stock reaches reorder levels. Only the sales manager and the finance director
receive these notifications for stock to be ordered. Once the reorder level has been reached, the sales manager will place the order for
stock with the different networks. The order is then approved by the finance director.
Which one of the following alternatives is the major control risk based on the process for the ordering of stock at TeleBuz?
Select one:
a. The sales manager places the orders with the different networks for the stock.
b. There is a lack of segregation of duties.
c. The sales manager has write access to the airtime management system to set the reorder levels.
d. Only the sales manager and finance director receive the notifications once stock reaches the reorder levels.
Clear my choice
Jump to...
2 of 2 2024/05/20, 10
,Assessment 6 (page 2 of 15) https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=206
Dashboard Calendar
Dashboard / My courses / AUE2602-24-S1 / Welcome Message / Assessment 6
Time left 1:22:00
Question 3
Answer saved
Marked out of 2
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
Clear my choice
Question 4
Answer saved
Marked out of 2
The chairperson of the board of directors of a large public company must be ... .
Select one:
a. an independent non-executive director
b. the CEO of the company
c. the CEO of the company, or an independent non-executive director who reports to the CEO
d. a previously disadvantaged person
Clear my choice
1 of 2 2024/05/20, 10
,Assessment 6 (page 2 of 15) https://cas.myexams.unisa.ac.za/mod/quiz/attempt.php?attempt=206
Jump to...
Dashboard Calendar
Dashboard / My courses / AUE2602-24-S1 / Welcome Message / Assessment 6
2 of 2 2024/05/20, 10
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SmartTutors. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.04. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72349 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now