3/4/24, 6:57 PM Assessment 1: Attempt review
AUI3702-24-S1 Welcome Message Assessment 1
QUIZ
Started on Monday, 4 March 2024, 6:33 PM
State Finished
Completed on Monday, 4 March 2024, 6:47 PM
Time taken 14 mins 21 secs
Marks 22.00/24.00
Grade 18.33 out of 20.00 (91.67%)
Question 1
Complete
Mark 1.00 out of 1.00
During an engagement to evaluate the organisation’s accounts payable function, an
internal auditor plans to confirm balances with suppliers. Which one of the following
alternatives is the source of authority for such contacts with organisations outside
the organisation?
a. The internal audit function’s charter.
b. Internal audit function's policies and procedures.
c. The Institute of Internal Auditors (IIA)’ Code of Ethics.
d. The International Professional Practices Framework (IIA Standards).
Question 2
Complete
Mark 1.00 out of 1.00
One payroll audit objective is to determine whether segregation of duties is proper.
Which of the following activities is incompatible?
a. preparing attendance data and preparing the payroll.
b. hiring employees and authorising changes in the pay rates.
c. signing and distributing the payroll cheques.
d. preparing the payroll and filling payroll tax forms.
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, 3/4/24, 6:57 PM Assessment 1: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
A company hired a highly qualified accounts payable manager who had been
terminated from another company for alleged wrongdoing. Six months later, the
manager diverted R100 000 by sending duplicate payments of invoices to a relative.
Which one of the following controls might have prevented this situation form
occurring?
a. Not to hire individuals who appear overqualified for a position.
b. Perform reviews to determine whether close relatives of the applicant
works for any company vendors.
c. Adequately review prior employment backgrounds for all new employees.
d. Verify the educational background for all new employees.
Question 4
Complete
Mark 1.00 out of 1.00
An internal auditor has set an engagement objective of determining whether all cash
receipts are deposited intact daily. To satisfy this objective, the internal auditor
interviewed the controller who gave assurances to the auditor that the cash receipts
are deposited as soon as possible. As information that can be used to satisfy the
stated engagement objective, the assurance obtained from the controller is …
a. relevant but not sufficient or reliable.
b. sufficient but not reliable or relevant.
c. sufficient, reliable, and relevant.
d. not sufficient, reliable, or relevant.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15168390&cmid=872462 2/10
AUI3702-24-S1 Welcome Message Assessment 1
QUIZ
Started on Monday, 4 March 2024, 6:33 PM
State Finished
Completed on Monday, 4 March 2024, 6:47 PM
Time taken 14 mins 21 secs
Marks 22.00/24.00
Grade 18.33 out of 20.00 (91.67%)
Question 1
Complete
Mark 1.00 out of 1.00
During an engagement to evaluate the organisation’s accounts payable function, an
internal auditor plans to confirm balances with suppliers. Which one of the following
alternatives is the source of authority for such contacts with organisations outside
the organisation?
a. The internal audit function’s charter.
b. Internal audit function's policies and procedures.
c. The Institute of Internal Auditors (IIA)’ Code of Ethics.
d. The International Professional Practices Framework (IIA Standards).
Question 2
Complete
Mark 1.00 out of 1.00
One payroll audit objective is to determine whether segregation of duties is proper.
Which of the following activities is incompatible?
a. preparing attendance data and preparing the payroll.
b. hiring employees and authorising changes in the pay rates.
c. signing and distributing the payroll cheques.
d. preparing the payroll and filling payroll tax forms.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15168390&cmid=872462 1/10
, 3/4/24, 6:57 PM Assessment 1: Attempt review
Question 3
Complete
Mark 1.00 out of 1.00
A company hired a highly qualified accounts payable manager who had been
terminated from another company for alleged wrongdoing. Six months later, the
manager diverted R100 000 by sending duplicate payments of invoices to a relative.
Which one of the following controls might have prevented this situation form
occurring?
a. Not to hire individuals who appear overqualified for a position.
b. Perform reviews to determine whether close relatives of the applicant
works for any company vendors.
c. Adequately review prior employment backgrounds for all new employees.
d. Verify the educational background for all new employees.
Question 4
Complete
Mark 1.00 out of 1.00
An internal auditor has set an engagement objective of determining whether all cash
receipts are deposited intact daily. To satisfy this objective, the internal auditor
interviewed the controller who gave assurances to the auditor that the cash receipts
are deposited as soon as possible. As information that can be used to satisfy the
stated engagement objective, the assurance obtained from the controller is …
a. relevant but not sufficient or reliable.
b. sufficient but not reliable or relevant.
c. sufficient, reliable, and relevant.
d. not sufficient, reliable, or relevant.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=15168390&cmid=872462 2/10
