AUE2601 EXAM PACK 2026 COMPLETE
STUDY GUIDE WITH NOTES AND SOLVED
PAST QUESTIONS
⩥ What is the consequence of being found guilty of plagiarism in
AUE2601? Answer: The student will receive 0% for the assignment
involved.
⩥ What must students do when answering multiple-choice questions in
AUE2601? Answer: Select only ONE alternative that they consider the
most correct and mark it on myUnisa or the mark-reading sheet.
⩥ What is a postulate in the context of auditing? Answer: A foundation
on which a discipline is built, serving as the basis for auditing theory.
⩥ Which statement is NOT an auditing postulate? Answer: No necessary
conflict of interest exists between management and auditor.
⩥ What is the role of shareholders in a company according to
AUE2601? Answer: They are responsible for providing finance for the
business and receiving the annual financial statements.
,⩥ What is incorrect about the SAICA Code of Professional Conduct
regarding client monies? Answer: Practitioners are allowed to hold client
monies for an indefinite period.
⩥ What is one duty of the audit committee under section 94(7) of the
Companies Act? Answer: Appoint the external auditors.
⩥ What must practitioners do with client monies according to the
SAICA Code? Answer: Deposit client monies without delay to the credit
of a client account.
⩥ What is required of practitioners regarding bank accounts for client
monies? Answer: They should maintain separate bank accounts from
their own.
⩥ What should the audit committee prepare regarding auditors'
independence? Answer: A report to be included with the annual financial
statements.
⩥ How many marks is each question worth in AUE2601 Assignment
01? Answer: 1½ marks per question.
⩥ What is the unique assignment number for AUE2601 Assignment 01?
Answer: 696584
, ⩥ When was AUE2601 Assignment 01 submitted? Answer: 16 March
2020.
⩥ What is the consequence of allowing another student to copy your
work? Answer: It violates the declaration and could lead to disciplinary
action.
⩥ What is the purpose of the Unisa Disciplinary Code for Students?
Answer: To outline the rules and consequences regarding academic
integrity and conduct.
⩥ What should students do if they are found in violation of the
assignment declaration? Answer: They will receive 0% for the
assignment.
⩥ What is the correct sequence for answering sub-sections in AUE2601?
Answer: Answer in numerical sequence.
⩥ What is the nature of audit evidence according to the assignment?
Answer: Audit evidence is persuasive rather than conclusive.
⩥ What is one responsibility of shareholders regarding financial
statements? Answer: They are responsible for reporting the results of
their stewardship in the annual financial statements.
STUDY GUIDE WITH NOTES AND SOLVED
PAST QUESTIONS
⩥ What is the consequence of being found guilty of plagiarism in
AUE2601? Answer: The student will receive 0% for the assignment
involved.
⩥ What must students do when answering multiple-choice questions in
AUE2601? Answer: Select only ONE alternative that they consider the
most correct and mark it on myUnisa or the mark-reading sheet.
⩥ What is a postulate in the context of auditing? Answer: A foundation
on which a discipline is built, serving as the basis for auditing theory.
⩥ Which statement is NOT an auditing postulate? Answer: No necessary
conflict of interest exists between management and auditor.
⩥ What is the role of shareholders in a company according to
AUE2601? Answer: They are responsible for providing finance for the
business and receiving the annual financial statements.
,⩥ What is incorrect about the SAICA Code of Professional Conduct
regarding client monies? Answer: Practitioners are allowed to hold client
monies for an indefinite period.
⩥ What is one duty of the audit committee under section 94(7) of the
Companies Act? Answer: Appoint the external auditors.
⩥ What must practitioners do with client monies according to the
SAICA Code? Answer: Deposit client monies without delay to the credit
of a client account.
⩥ What is required of practitioners regarding bank accounts for client
monies? Answer: They should maintain separate bank accounts from
their own.
⩥ What should the audit committee prepare regarding auditors'
independence? Answer: A report to be included with the annual financial
statements.
⩥ How many marks is each question worth in AUE2601 Assignment
01? Answer: 1½ marks per question.
⩥ What is the unique assignment number for AUE2601 Assignment 01?
Answer: 696584
, ⩥ When was AUE2601 Assignment 01 submitted? Answer: 16 March
2020.
⩥ What is the consequence of allowing another student to copy your
work? Answer: It violates the declaration and could lead to disciplinary
action.
⩥ What is the purpose of the Unisa Disciplinary Code for Students?
Answer: To outline the rules and consequences regarding academic
integrity and conduct.
⩥ What should students do if they are found in violation of the
assignment declaration? Answer: They will receive 0% for the
assignment.
⩥ What is the correct sequence for answering sub-sections in AUE2601?
Answer: Answer in numerical sequence.
⩥ What is the nature of audit evidence according to the assignment?
Answer: Audit evidence is persuasive rather than conclusive.
⩥ What is one responsibility of shareholders regarding financial
statements? Answer: They are responsible for reporting the results of
their stewardship in the annual financial statements.
