Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help me with number 1,2,3,4,5,6,8and 9 QUESTION 1 1. Complete the following sentence: Tau (Pty) Ltd is an example of a ... company. 1

please help me with number 1,2,3,4,5,6,8and 9image text in transcribedimage text in transcribedimage text in transcribed

QUESTION 1 1. Complete the following sentence: Tau (Pty) Ltd is an example of a ... company. 1 private 2 state-owned 3 non-profit 2. 4 public Select the most appropriate alternative to complete the following sentence: In terms of the foundation stones of the King IV Code of Corporate Governance, concepts such as responsibility, accountability, fairness, etc. would be grouped under .. 1 ethical leadership. 2 corporate citizenship. sustainable development. 4 integrated thinking. Select the most appropriate alternative to complete the following sentence: A director who acts in a leadership position and abuses their position to gain an advantage for themselves would, according to the King IV Code of Corporate Governance, be an example of a person who lacks ... 1 integrity 2 competence 3 responsibility, 4 accountability To obtain a better understanding of internal control. literature asserts that internal control consists of five main components. Select the alternative that would not be regarded as one of the main components of internal control 6. 1 setting of a control-conscious environment 2 continuous assessment of an entity's risks and dealing with the risks 3 accepting that internal control is not fool proof and that errors can occur 4 establishing an information system and business processes to produce reliable and timeous financial information Select the true statement with regard to internal auditors Internal auditors must first qualify as a CA(SA) before they can be registered with the Institute of Internal Auditors in South Africa The key objective of internal auditors is to compile annual financial statements The Chief Audit Executive operates on the same level as that of executive management The professional conduct requirements for internal auditors are set at a significant lower level than what would be applicable to external auditors 7. The independent auditor, in their audit report provides the reader with a certain level of assurance Select the correct level of audit assurance intended by the independent auditor in a standard audit report stating that the annual financial statements are fairly presented 1 absolute assurance 2 reasonable assurance AUE1501/101/3/2020 8. 3 limited assurance 4 non-assurance You have bought clothes at Edgars today on credit. You checked the sales slip to ensure that your name appears on the sales slip. As an aspiring auditor, you immediately think of audif assertions, Select the most appropriate assertion that relates to the above- mentioned information 1 classification 2 cut-off 3 occurrence 4 completeness You are reviewing entries made in the repairs and maintenance general ledger account of a medium-sized grocery store. You are trying to establish that items which belong to fored assets purchased for long-term use are not included in the repairs and maintenance Bocount. Select the most appropriate assertion that relates to the above-mentioned information 1 existence 2 classification 3 presentation 4 completeness in the repairs andstadih s terecairs and maintentioned

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics Theory And Applications

Authors: Edgar K. Browning, Mark A. Zupan

13th Edition

1119368928, 9781119368922

More Books

Students also viewed these Accounting questions

Question

Question 13 of 21

Answered: 1 week ago