Q1. List and explain two (2) ethical considerations when managing and handling corporate files and records

Q2. Outline three (3) considerations relevant to confidentiality when managing and handling corporate records. You may refer your responses from APES 11 Code of Ethics for Professional Accountants or other code of ethics or practice used in your industry/organisation.

Q3.1 List five (5) entities which are defined as 'cash dealer' and have an obligation under

the FTR Act

Q3.2 In your words, list and explain the two (2) types of penalties if an entity fails to

comply with their reporting obligations under FTR Act

Q3.3 Briefly, list and explain the two (2) requirement which cash dealers

must retain the FTR Act, including the minimum retention period

Q4 Complete the table below

4.1 Identify the three (3) types of transaction reports which must be prepared under the

FTR Act, briefly explain

4.2 What each type of transaction is about

4.3 The reporting requirements for each type of transaction. Specify the reportable details and reporting periods for each

Types of transaction What it is About Reporting Requirement

i. ...................................... ........................................................... .................................................

ii. ..................................... ......................................................... ................................................

iii........................................ ........................................................ ...............................................

Q5 The following are key requirements of organisational policies and procedures relating to corporate governance. Briefly describe each requirement:.

Key Requirement Description

a. Managing conflicts ...............................

b. Risk Management ..............................

c. Shareholder engagement .................................

Q6 The following are key requirements of organisational policies and procedures relating to financial delegations and accountabilities. Briefly describe each requirement

Key Requirement Explanation

a. Separation of duties .....................

b. Security of assets ...................

c. Financial reporting ...................

Q7. Based on the Core Priciples for the Professional Practice of Internal Auditing:

7.1 List two (2) key principles of audit

7.2 Briefly explain how each principle applies to an organisation's financial policies and procedures

Principles Application in the Policies & Procedures.

i.

ii

Q8 List two (2( Key principles of internal controls. Briefly explain how each principle can be applied to the organisations's financial policies and procedures

Key Principles Application in the Policies & Procedures.

i.

ii.

Q9. List and briefly explain (3) limitation of internal control when managing the internal operations of a business

Benefit Explaination

i.

ii.

iii.

Benefit Explaination

i.

ii.

iii.

Q10. Explain two (2) potential consequences of having poor internal control for the internal operations of a business