Exam (elaborations)
AUE2601 Assignment 4 Due 16 May 2024
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AUE2601 Assignment 4 2024
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1. UNISA2. 2024
3. AUE2601-24-S1
4. Welcome Message
5. Assessment 4
QUIZ
Assessment 4
Your final grade for this quiz is 28.00/30.00.
Attempts allowed: 2
This quiz opened at Wednesday, 15 May 2024, 8:00 AM
This quiz will close on Thursday, 16 May 2024, 11:00 PM.
Question 1
Correct
Mark 2.00 out of 2.00
Review the composition of the board of directors of Garden (Pty) Ltd:
Chief executive officer: Mr H Wilken (He incorporated the company eight years ago.)
Financial director: Mrs G Jacobs (She is CA(SA).)
Human Resource director: Mr A Nkomo
Non-executive director: Mr F Naidoo (He is independent of the company.)
Non-executive director: Mrs J Botha (She was the financial director of Garden (Pty) Ltd until five months ago.)
Non-executive director: Mr K Banks (He was the operational director of Garden (Pty) Ltd until four years ago, with no other relationship to
the company.)
Who of the directors of Garden (Pty) Ltd could be appointed to the company’s audit committee?
a.
Mrs Jacobs, Mr Naidoo, Mrs Botha and Mr Banks
b. Mr Naidoo, Mrs Botha and Mr Banks
c. Mr Naidoo and Mr Banks
d. Mr Wilken, Mr Naidoo, Mrs Botha and Mr Banks
, Question 2
Correct
Mark 2.00 out of 2.00
MENU
Which of the following options describe(s) the requirements of the engagement partner relating to ethical requirements and independence
Dashboard / Courses / UNISA / 2024 / Semester 1 / AUE2601-24-S1 / Welcome Message / Assessment 4
from an audit client throughout an audit engagement?
More than one option may be correct.
a. The engagement partner shall have an understanding of the relevant ethical requirements, including those related to
independence, that are applicable given the nature and circumstances of the audit engagement.
b. The engagement partner shall remain alert throughout the audit engagement, through observation and making inquiries as
necessary, for breaches of relevant ethical requirements or the firm’s related policies or procedures by members of the
engagement team.
c.
If matters come to the engagement partner’s attention that indicate that a threat to compliance with relevant ethical requirements
exists, the engagement partner shall evaluate the threat through complying with the firm’s policies or procedures, using relevant
information from the firm, the engagement team or other sources, and take appropriate action
d. Prior to dating the auditor’s report, the engagement partner shall take responsibility for determining whether relevant ethical
requirements, including those related to independence, have been fulfilled
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