AUI2601 EXAM PACK 2016- 2021
AUI2601 JAN FEB 2021
1.D
2.C
3.A
4.B
5.D
6.C
7.A
8.D
9.C
10.C
QUESTION 2
2.1. Describe the objective of the internal audit activity by referring to the internal auditing
definition [4]
The objective of the internal audit activity is to assist the management of the
Organisation on all levels, to add value to the organisation’s activities and to improve
its operations.
2.2. The Chief Executive Officer (CEO) enquires why the Internal Audit cannot report
administratively and functionally to him. List two (2) advantages and two (2) disadvantages
as to why this reporting line is not recommended. State the recommended reporting lines as
per standards [6]
Advantages
AUI2601 JAN FEB 2021
1.D
2.C
3.A
4.B
5.D
6.C
7.A
8.D
9.C
10.C
QUESTION 2
2.1. Describe the objective of the internal audit activity by referring to the internal auditing
definition [4]
The objective of the internal audit activity is to assist the management of the
Organisation on all levels, to add value to the organisation’s activities and to improve
its operations.
2.2. The Chief Executive Officer (CEO) enquires why the Internal Audit cannot report
administratively and functionally to him. List two (2) advantages and two (2) disadvantages
as to why this reporting line is not recommended. State the recommended reporting lines as
per standards [6]
Advantages
