Exam (elaborations)
AUI3703 Assignment 2 Semester 2 2023
- Course
- Institution
AUI3703 Assignment 2 Semester 2 2023 100 % Distinction
[Show more]
Seller
Followjaymore
Reviews received
Content preview
AUI 3703Assignment 2
Semester 2 2023
Preview
, Preview
Part A
Question 1.1
As the senior internal auditor of Rethink Limited you are required to implement a mission statement for
the internal audit department.
Formulate an internal audit mission statement for the internal audit department and list the key
components of an internal audit mission statement.
At Rethink Limited, our Internal Audit Department is committed to providing independent and objective
assurance and consulting services. Our mission is to enhance and protect organizational value by
assessing and improving the effectiveness of risk management, control, and governance processes. We
play a vital role in helping Rethink Limited achieve its strategic objectives and fulfill its responsibilities to
stakeholders.
Question 2.3
Validating Order Numbers:
Control Type: Application Control
Explanation: This control is specific to the validation of order numbers during the receiving process,
making it an application control.
Validating Income Tax Reference Numbers:
Control Type: Application Control
Explanation: This control is related to the validation of employee information during the process of
adding a new employee to the masterfile, making it an application control.
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 jaymore. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.01. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76669 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now