Exam (elaborations)
AUI4862 EXAM PACK 2024/2025
- Course
- Institution
AUI4862 EXAM PACK 2024/2025 QUESTIONS WITH DETAILED ANSWERS, COMPILED FROM RECENT PAST EXAM PAPERS. PERFECT FOR EXAM PREPARATION.
[Show more]
Seller
Follow
mulah11
Reviews received
Content preview
lOMoAR cPSD| 42036583, lOMoAR cPSD| 42036583
UNIVERSITY EXAMINATIONS
OCTOBER/NOVEMBER 2023
AUI4862
Advanced internal auditor’s responsibility in governance, risk management and control
100 Marks
Duration 3 Hours
This paper consists of 13 pages.
Please take note that The
Invigilator App will request you take a
picture of every page of your answer
sheet at the end of the assessment.
Please take note that this does not
replace your formal scan and upload
to your Learning
Management System
(MyExams).
YOUR EXAM QR CODE & QR ACCESS CODE
8c1bbfe9
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this
QR code.
• If you encounter difficulty scanning the QR code, you can alternatively enter the Exam Access
Code below the QR code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code once.
If your assessment has multiple online sections, tests or attempts, you should NOT finish the
invigilation until your entire assessment has been completed.
• Only scan the QR code when the assessment formally commences.
, [TURN OVER]
CONFIDENTIAL
Page 2 of 13 AUI4862
OCTOBER/NOVEMBER 2023
•
QUESTION MAIN TOPIC MARKS
1 Multiple choice question 20
2 Corporate Governance, Risk Management and Internal Control 80
100
PLEASE NOTE
Although the primary purpose of the examination is to test your knowledge, understanding and
application of the subject matter, the examiners will also consider your ability to organise and
present your knowledge in the written language of an acceptable standard.
, lOMoAR cPSD| 42036583
QUESTION 1 20 marks REQUIRED
For each subsection of this question, choose only one option that you consider to be appropriate
and then write down – as your answer – only the number of that subsection and the letter that
precedes the option. If you think more than one answer is correct, choose the most correct option.
Please answer the subsections of this question in numerical sequence, for example:
1.1 A
1.2 B
Each correct answer is worth 1 mark.
1.1 Internal Audit Standard 2010 states that the chief audit executive must establish a
riskbased audit plan. According to the Standard, when developing the plan, the
following must be taken into consideration:
A. Governance, risk management and controls as discussed in KING IV.
B. The Public Finance Management Act and the Municipal Finance Management Act.
C. The organisation’s risk management framework, including the risk appetite levels
set by management.
D. The Company’s Act and JSE listing requirements.
1.2 External auditors seek to provide an opinion on whether the financial statements present
fairly, in all material respects, the financial position of the company and its financial
performance and cash flows for the period under review. Internal auditors on the other
hand provide assurance on the …
A. Adequacy and effectiveness of governance, risk management and control
processes, which reside outside the main accounting systems.
B. Adequacy and effectiveness of governance, risk management and control
processes, which relate primarily to the main accounting systems.
C. Adequacy and effectiveness of compliance with internal control, which resides
outside the main accounting systems.
D. Fairness of the systems of risk management, control and governance processes,
which reside outside the main accounting systems.
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 mulah11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
85169 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now