X > UNISA Assignment submx 101_20213_b.pdf X 3001_20713_b.pdf x FAG1502 TL001 2021 pdf $ 001 203 4246-9210-381363466/jsf/delivery/deliver Assessment y cortis Was I JUU price to be reasonable He immediately arranged with his banker to make payment to Leisure Limited and could not wait to tell his wife the good news. (4) PARTB REQUIRED 1.2 Conclude and explain with reference to the Institute of Internal Auditors (A) Standards Whether each of the unrelated scenarios below (1.1 to 1.3) is permissible or not permissible Please provide reasons for each of your conclusions Your answer should be structured as follows No Permissible/Not Reference to the Reasons permissible (1 mark) Standards (1 mark) (2 marks) 1 eg Standard 2000 - Managing the internal Audit Activity eg. The chief audit executive must effectively manage the internal audit activity to ensure it adds value to the organization (1) 1.2.1 in your review of compliance with the IPPF you noticed that the internal audit reports prepared by an internal audit division have for the past five years included a clause that states that our internal audits are conducted and concluded in accordance with the Standards for the Professional Practice of Internal Auditing It was noted that regular internal assessments have been performed and recorded and the internal audit division was subjected to an extemal quality assurance review of its quality improvement programme in the past year (4) 1.2.2 The chief executive officer (CEO) requested the CAE to assist with review of documents on the merger and acquisition of Bathopele Property Investment Company on an advisor basis. Bathopele Property Investment has complex investment portfolio which requires the services of a specialist in merger and acquisition to compile and analyse the data to calculate the value of the portfolio Due to budget constraints, the CAE decided to use the budget of leave management audit to cover the cost of appointing a specialist to assist with the consulting assignment because leave management audit was conducted in me past year and there were no significant findings. The director human resource was not impressed with this decision Ms Lucy Madise the CAE received a request from the external auditors to share reports of the external quality assurance review conducted in the last year in order to ascertain whether they can place reliance on some of internal auditors work to reduce the audit scope and eliminate duplication Ms Modise refused to share the report indicating that the report is confidential and it is only shared with the board (4) 1.2.3 Maximum number of characters including HTML tags added by text editor) 32,000 P X > UNISA Assignment submx 101_20213_b.pdf X 3001_20713_b.pdf x FAG1502 TL001 2021 pdf $ 001 203 4246-9210-381363466/jsf/delivery/deliver Assessment y cortis Was I JUU price to be reasonable He immediately arranged with his banker to make payment to Leisure Limited and could not wait to tell his wife the good news. (4) PARTB REQUIRED 1.2 Conclude and explain with reference to the Institute of Internal Auditors (A) Standards Whether each of the unrelated scenarios below (1.1 to 1.3) is permissible or not permissible Please provide reasons for each of your conclusions Your answer should be structured as follows No Permissible/Not Reference to the Reasons permissible (1 mark) Standards (1 mark) (2 marks) 1 eg Standard 2000 - Managing the internal Audit Activity eg. The chief audit executive must effectively manage the internal audit activity to ensure it adds value to the organization (1) 1.2.1 in your review of compliance with the IPPF you noticed that the internal audit reports prepared by an internal audit division have for the past five years included a clause that states that our internal audits are conducted and concluded in accordance with the Standards for the Professional Practice of Internal Auditing It was noted that regular internal assessments have been performed and recorded and the internal audit division was subjected to an extemal quality assurance review of its quality improvement programme in the past year (4) 1.2.2 The chief executive officer (CEO) requested the CAE to assist with review of documents on the merger and acquisition of Bathopele Property Investment Company on an advisor basis. Bathopele Property Investment has complex investment portfolio which requires the services of a specialist in merger and acquisition to compile and analyse the data to calculate the value of the portfolio Due to budget constraints, the CAE decided to use the budget of leave management audit to cover the cost of appointing a specialist to assist with the consulting assignment because leave management audit was conducted in me past year and there were no significant findings. The director human resource was not impressed with this decision Ms Lucy Madise the CAE received a request from the external auditors to share reports of the external quality assurance review conducted in the last year in order to ascertain whether they can place reliance on some of internal auditors work to reduce the audit scope and eliminate duplication Ms Modise refused to share the report indicating that the report is confidential and it is only shared with the board (4) 1.2.3 Maximum number of characters including HTML tags added by text editor) 32,000 P