AUI3702 - Exam Pack.pdf (Exam Elaborations)

QUESTION 2 2.1) Combined assurance is a manner in which the company sets itself up to adequately addresses the significant risk which the company faces. It can be provided by  Internal assurance providers‟ e.g. internal audit, finance function. The focus will be on enabling an effective internal control environment and supporting the integrity of information used for internal decision-making by management, the board, and its committees.  External assurance provider‟s e.g. external audits, industrial regulators. The focus will be on supporting the integrity of external reports, the internal audit and the finance function. 2.2) a) Try to enter an employee in the master file with a valid income tax number and without identity number and confirm if the entry is not going to be successful. In the master file using chats do a walk through the whole population to identify if they are no entry with an empty income tax number and identification number held, if so follow up with management. b) Select a sample of the program change form and inspect the signature of CAE for evidence of approval c) Select a sample of employees and ask them to gain access to the company local area network using correct user ID and wrong password and confirm if they are restricted access. Try to gain access to the company LAN using fictions user ID and password and confirm if access is denied. d) On a surprise basis, visit the company to observe if the factory manager is doing on screen report and files it is evidence of review Select a sample of employees from the company and some should be late and some should be absent.