Assessment 1 (page 1 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
UNISA 2025 AUE2602-25-S2 News�ash Assessment 1
QUIZ
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Reddington Ltd is a company selling protective clothing. With the emergence of
the recent corona virus pandemic, Reddington Ltd has seen an exponential
increase in demand for face masks. Fortunately, Mr Dembe Zuma, the Chief
Financial O�cer (CFO) of Reddington Ltd has identi�ed a company, Townsend
(Pty) Ltd, who is able to supply su�cient face masks to Reddington Ltd for a
material amount of R14 million. Townsend (Pty) Ltd is fully owned by Mr Zuma
and his daughter Mrs Keen. You may assume that all other Companies Act
requirements have been met, and that the Memorandum of Incorporation (MOI)
does not contain any altered provisions affecting the prescribed resolution.
What type of resolution (if any) is necessary to approve the contract?
a. Special resolution
b. Ordinary resolution
c. No resolution
d. Board resolution
Clear my choice
1 of 2 2025/08/27, 17
,Assessment 1 (page 1 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
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The following information concerns individuals on New Plastic Limited’s (New
Plastic ) Board of Directors, as at 28 February 2025:
Mr Trump Mr Trump was appointed to the position of CEO of New Plastic on March 1, 2012, Chief Executive O�cer (CEO)
and he also served as a member of the Audit Committee of New Plastic for a
number of years.
a. No, Mr Trump is the CEO of New Plastic and, therefore, should not be a
member of the Audit Committee.
b. No, as he is a member of the Board, he can’t be a member of the Audit
Committee.
c. Yes, he is a non-executive member of the Board and, therefore, should be
a member of the Audit Committee.
d. Yes, Mr Trump is the CEO of New Plastic and, therefore, should be a
member of the Audit Committee.
Clear my choice
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Application of the King IV Report is based on …
Select one:
a. apply and explain
b. apply or explain
c. apply when necessary
d. apply or else.
Clear my choice
2 of 2 2025/08/27, 17
,Assessment 1 (page 2 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
UNISA 2025 AUE2602-25-S2 News�ash Assessment 1
QUIZ
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Select the correct alternative to complete the following statement:
The “occurrence” management assertion means that …
Select one:
a. amounts and other data relating to recorded transactions and events have been recorded appropriately.
b. all assets, liabilities, transactions or events which should have been recorded have been recorded.
c. a transaction or event which has been recorded took place and pertains to the entity.
d. transactions and events have been recorded in the proper accounts.
Clear my choice
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Which ONE of the following is not an example of physical IT controls?
Select one:
a. Control over visitors from outside the company to the IT building.
b. Computers are placed at least one meter away from windows in locked rooms.
c. Only the �nance department’s top personnel have valid usernames and passwords to access the bank account
application.
d. Only relevant personnel will have access to the IT building with their activated personnel cards.
Clear my choice
1 of 2 2025/08/27, 17
,Assessment 1 (page 2 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
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You are the audit manager of the audit of Grab, short for Grab a Cab (Pty) Ltd, a large taxi company. Grab has, gained the trust
of the market and improved their customer service and experience, mostly due to system improvements and enhancements.
As part of the entity-level assessment that was performed, you noted a fully computerised accounting system. The following
control was identi�ed at Grab:
Grab’s management team meets quarterly to assess risks and simulate potential risks that Grab may face, such as banking
portals being ‘down’ and automated application controls and interfaces not being effective due to loadshedding, strikes, socio-
economic factors and more. Indicate the category of general control to which it relates
a. IT General Control: Disaster Recovery
b. IT General control: System Development Controls
c. IT General control: Program Change Controls
d. IT General Control: Access Management
Clear my choice
2 of 2 2025/08/27, 17
UNISA 2025 AUE2602-25-S2 News�ash Assessment 1
QUIZ
Face not found. Try changing your camera to a better lighting. Thanks.
Time left 1:26:04
Not yet answered
Marked out of 1.50
Reddington Ltd is a company selling protective clothing. With the emergence of
the recent corona virus pandemic, Reddington Ltd has seen an exponential
increase in demand for face masks. Fortunately, Mr Dembe Zuma, the Chief
Financial O�cer (CFO) of Reddington Ltd has identi�ed a company, Townsend
(Pty) Ltd, who is able to supply su�cient face masks to Reddington Ltd for a
material amount of R14 million. Townsend (Pty) Ltd is fully owned by Mr Zuma
and his daughter Mrs Keen. You may assume that all other Companies Act
requirements have been met, and that the Memorandum of Incorporation (MOI)
does not contain any altered provisions affecting the prescribed resolution.
What type of resolution (if any) is necessary to approve the contract?
a. Special resolution
b. Ordinary resolution
c. No resolution
d. Board resolution
Clear my choice
1 of 2 2025/08/27, 17
,Assessment 1 (page 1 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
Not yet answered
Marked out of 1.50
The following information concerns individuals on New Plastic Limited’s (New
Plastic ) Board of Directors, as at 28 February 2025:
Mr Trump Mr Trump was appointed to the position of CEO of New Plastic on March 1, 2012, Chief Executive O�cer (CEO)
and he also served as a member of the Audit Committee of New Plastic for a
number of years.
a. No, Mr Trump is the CEO of New Plastic and, therefore, should not be a
member of the Audit Committee.
b. No, as he is a member of the Board, he can’t be a member of the Audit
Committee.
c. Yes, he is a non-executive member of the Board and, therefore, should be
a member of the Audit Committee.
d. Yes, Mr Trump is the CEO of New Plastic and, therefore, should be a
member of the Audit Committee.
Clear my choice
Not yet answered
Marked out of 1.00
Application of the King IV Report is based on …
Select one:
a. apply and explain
b. apply or explain
c. apply when necessary
d. apply or else.
Clear my choice
2 of 2 2025/08/27, 17
,Assessment 1 (page 2 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
UNISA 2025 AUE2602-25-S2 News�ash Assessment 1
QUIZ
Face not found. Try changing your camera to a better lighting. Thanks.
Time left 1:22:52
Not yet answered
Marked out of 1.00
Select the correct alternative to complete the following statement:
The “occurrence” management assertion means that …
Select one:
a. amounts and other data relating to recorded transactions and events have been recorded appropriately.
b. all assets, liabilities, transactions or events which should have been recorded have been recorded.
c. a transaction or event which has been recorded took place and pertains to the entity.
d. transactions and events have been recorded in the proper accounts.
Clear my choice
Not yet answered
Marked out of 1.00
Which ONE of the following is not an example of physical IT controls?
Select one:
a. Control over visitors from outside the company to the IT building.
b. Computers are placed at least one meter away from windows in locked rooms.
c. Only the �nance department’s top personnel have valid usernames and passwords to access the bank account
application.
d. Only relevant personnel will have access to the IT building with their activated personnel cards.
Clear my choice
1 of 2 2025/08/27, 17
,Assessment 1 (page 2 of 11) https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=29
Not yet answered
Marked out of 1.50
You are the audit manager of the audit of Grab, short for Grab a Cab (Pty) Ltd, a large taxi company. Grab has, gained the trust
of the market and improved their customer service and experience, mostly due to system improvements and enhancements.
As part of the entity-level assessment that was performed, you noted a fully computerised accounting system. The following
control was identi�ed at Grab:
Grab’s management team meets quarterly to assess risks and simulate potential risks that Grab may face, such as banking
portals being ‘down’ and automated application controls and interfaces not being effective due to loadshedding, strikes, socio-
economic factors and more. Indicate the category of general control to which it relates
a. IT General Control: Disaster Recovery
b. IT General control: System Development Controls
c. IT General control: Program Change Controls
d. IT General Control: Access Management
Clear my choice
2 of 2 2025/08/27, 17
