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AUE2601 Assignment 1 Semester 2 2024 Whastapp 0 6 4 5 1 6 7 2 7 5
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AUE2601 Assignment 1 Semester 2 2024 Whastapp 0 6 4 5 1 6 7 2 7 5
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8/21/24, 1:27 PM AUE2601-24-S2: Assessment 1 Dashboard Calendar
Dashboard / My courses / AUE2601-24-S2 / Welcome Message / Assessment 1
Assessment 1
888419
Attempts allowed: 2
This quiz opened at Wednesday, 21 August 2024, 8:00 AM
This quiz will close on Thursday, 22 August 2024, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 45 mins
Grading method: Highest grade
Summary of your previous attempts
Attempt State Grade / 30.00 Review
1 Finished 29.50 Available 22/08/24, 23:00
Submitted Wednesday, 21 August 2024, 1:19 PM
2 Finished 29.50
Submitted Wednesday, 21 August 2024, 1:27 PM
Your final grade for this quiz is 2 .50/30.00.
No more attempts are allowed
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AUE2601-24-S2
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,8/21/24, 1:06 PM Assessment 1 (page 1 of 5)
Dashboard Calendar
Dashboard / My courses / AUE2601-24-S2 / Welcome Message / Assessment 1
Time left 0:39:26
Question 1
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Which option correctly explains what the stakeholder theory represents?
a.
It represents the relationship between the owners and the directors where conflict of interest arises as the directors who control
the entity may not necessarily have the best interest of the owners at heart.
b.
An entity is expected to have moral values and social responsibilities as its activities influence all its stakeholders.
c. For an entity to continue to exist, it must exist in harmony with its stakeholders.
d. An entity has a responsibility to serve not only its owners but also its wider stakeholders.
Clear my choice
Question 2
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Marked out of 2.00
Which of the following options are correct in terms of audit evidence?
Note there could be more than one correct option.
a. Audit evidence is information used by the auditor in arriving at the conclusions on which the auditor’s opinion is based.
b.
Appropriateness of audit evidence is the measure of the quantity of audit evidence.
c. Sufficiency of audit evidence is the measure of the quality of audit evidence.
d. Audit evidence includes both information contained in the accounting records underlying the financial statements and other
information
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,8/21/24, 1:06 PM Assessment 1 (page 1 of 5)
Question 3
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Dashboard Calendar
The auditor has to draw on past experience when assessing judgements about the future and may assume that in the context of an
Dashboard / My courses / AUE2601-24-S2 / Welcome Message / Assessment 1
ongoing audit engagement at the same client “things generally stay the same”.
To which of the audit postulates does this statement refer?
a. Application of generally accepted accounting practice results in fair presentation
b. The financial statements submitted to the auditor for verification are free of collusive and other unusual irregularities
c. No necessary conflict of interest exists between the auditor and the management/ employees of the enterprise under audit
d. That which held true in the past will hold true in the future
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, 3/20/24, 9:02 AM AUE2601-24-S1: Assessment 1
Dashboard Calendar
Dashboard / My courses / AUE2601-24-S1 / Welcome Message / Assessment 1
Assessment 1
579096
Attempts allowed: 2
This quiz opened at Tuesday, 19 March 2024, 8:00 AM
This quiz will close on Wednesday, 20 March 2024, 11:00 PM.
To continue with this quiz attempt you must open your webcam, and it will take some of your pictures randomly during the quiz.
Time limit: 45 mins
Grading method: Highest grade
Summary of your previous attempts
Attempt State Grade / 30.00 Review
1 Finished 0.00 Not permitted
Submitted Tuesday, 19 March 2024, 9:47 PM
2 Finished 29.50
Submitted Wednesday, 20 March 2024, 9:02 AM
Your final grade for this quiz is 30.00/30.00.
No more attempts are allowed
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AUE2601-24-S1
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