AUE2602 - Corporate Governance in Accountancy (AUE2602)
Exam (elaborations)
AUE2602 Assignment 2B Semester 1 2024
25 views 0 purchase
Course
AUE2602 - Corporate Governance in Accountancy (AUE2602)
Institution
University Of South Africa
Book
Law, Corporate Governance and Accounting
AUE2602 Assignment 2B Semester 1 2024 (Unique Number. 881128) - DUE 4 April 2024 ... 100 % TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 .
PART A Question 1 You are the senior trainee accountant on the audit of MN...
AUE2602 Assignment 2B (COMPLETE ANSWERS) Semester 1 2024 (881128) - DUE 4 April 2024
All for this textbook (3)
Written for
University of South Africa
AUE2602 - Corporate Governance in Accountancy (AUE2602)
All documents for this subject (85)
Seller
Follow
LIBRARYpro
Reviews received
Content preview
AUE2602
ASSIGNMENT 2B SEMESTER 1 2024
, Corporate Governance in Accountancy
AUE2602
Assignment 2B
Semester 1 2024
Unique Number: 881128
Due Date: 4 April 2024
PART A
Question 1
You are the senior trainee accountant on the audit of MNO Ltd, an information technology
company listed on the JSE. You have been assigned to review whether MNO complies with the
King IV Report on Corporate Governance for South Africa 2016, specifically with regard to the
composition and function of the audit committee. The following information has been provided to
you by the audit partner: MNO held one audit committee meeting during the financial year ended
28 February 2022. The audit committee consisted of three members: Miss Sizwe, Mr Carl and
Mrs Garnet. Miss Sizwe was the human resources director and the chairperson of the board. Mr
Carl was the financial director and a retired CA(SA).
Mrs Garnett was an independent non-executive director with limited knowledge of IFRS,
integrated reporting and internal controls. The position of chief executive auditor was vacant, and
Mr Carl indicated that he would inform the audit committee that the board was in the process of
appointing a chief audit executive. Mr Carl highlighted that the integrated reports for the previous
two years were in process and that he would provide copies to the audit committee once they
had been finalised and published.
REQUIRED
Identify six (6) corporate governance concerns in terms of the King IV Report on Corporate
Governance for South Africa 2016 regarding the audit committee as evident from the information
above and give reasons for your answer. (15)
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 LIBRARYpro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.71. You're not tied to anything after your purchase.