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, UNIVERSITY EXAMINATIONS
May/ June 2024
AUI3702
Internal Auditing: Advanced Internal Audit Applications
100 Marks
Duration 2 Hours
This paper consists of 11 pages.
Please take note that The Invigilator App
will request you take a picture of every
page of your answer sheet at the end of
the assessment.
Please take note that this does not replace
your formal scan and upload to your
Learning Management System
(MyExams).
YOUR EXAM QR CODE & QR ACCESS CODE
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Please log into The Invigilator App. You need to be connected to the internet in order to log
in and scan the QR code.
• Scan the QR code above as soon as you have downloaded your question paper during the
15-minute download window. Please take note that you can only scan the QR code for a
limited time and it should therefore be scanned as soon as possible to start the invigilation.
• If you encounter difficulty with scanning of the QR code, you can also enter the QR access
code at the bottom of the QR code in order to start the assessment.
• Once the QR code is scanned, you can place your smartphone next to you. The Invigilator
App will notify you when an action is required. Ensure your media volume is turned up.
• You may access your MyExams in the application if you only have one device by pressing
the ‘access LMS’ button.
• Please remember to keep your smartphone on charge for the duration of the assessment.
• Keep The Invigilator app open on your cell phone during the assessment. You are not
allowed to leave or minimise the application.
,• When an action is required, a notification beep will be heard. Action the request.
• Please ensure you are connected to the internet in order to commence the examination as
well as at the end of the examination. No internet connection is needed during the
assessment.
• It is important to first upload your script to the MyExams. Uploading of app data is not time
sensitive and you can do it after you have uploaded your script to the MyExams.
• It is important to note that you have to adhere to the time limit in your MyExams assessment
as the invigilation time in the app could exceed the time allocated to complete your
assessment.
• You can click the "Finish Assessment" button in the app if you finish early.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk
on 073 505 8273.
EXAMINATION INSTRUCTIONS:
• To locate your examination site visit https://myexams.unisa.ac.za/portal/ and click on your
module.
• The examination paper will be available for download 15 minutes before the official time.
• This is a closed book examination.
• Save a copy of the examination paper before you start answering the questions.
• Keep the Honesty Declaration in consideration throughout answering this paper.
• Answer in a handwritten format or typed format on your computer, then convert and upload
the document in one PDF format.
• You will have 1 hour to scan, combine into one PDF and upload your answers, failure to
submit within the allocated time will result in your paper being rejected by the system or
marked as late by the system and will not be marked.
• Write legibly and clearly and DO NOT password-protect your PDF file.
• Virus-infected files will not be marked.
• NO emailed submissions will be allowed.
• Commence the submission (uploading) of your answer file as soon as you have completed
the assessment, do not wait for the session to conclude.
• Verify the file details before final submission.
• Good Luck!
QUESTION MAIN TOPIC MARKS
1 Multiple-choice questions 15
2 Short Question 10
3 Revenue and Receipt Cycle 20
4 Payroll Cycle and Fraud 25
5 Financial and Operational Audit 30
100
, QUESTION 1 15 marks
REQUIRED
For each subsection of this question, select one alternative that you consider to be the most
appropriate answer. In your answer book, write down the number of the subsection, and next to
it the letter representing the alternative you have selected. Answer the sub-questions in
numerical sequence, for example:
1.1 A 1.2 C
Each correct answer is worth 1 mark.
1.1 One payroll audit objective is to determine whether the segregation of duties is proper. Which
of the following activities is incompatible?
A. preparing attendance data and preparing the payroll.
B. preparing the payroll and filing payroll tax forms.
C. signing and distributing the payroll cheques.
D. hiring employees and authorising changes in the pay rates.
1.2 Select the most effective audit engagement procedure. Audit engagement procedures for
assessing the efficiency of an online ordering system include:
A. review copies of weekly and monthly reports that show system availability (uptime)
and terminal.
B. compare the cost of processing the orders manually with the cost of the online
system.
C. compare the cost of developing the order entry system with the cost of developing
other applications.
D. determine the total number of transactions processed by the system for each of the
previous 12 months and note any fluctuations.
1.3 A disgruntled former employee phones the CAE to report the misappropriation of funds by the
supervisor of cash operations. Audit engagement tests subsequently verify the allegations.
Which action should the CAE proceed with based on the above information?
A. Inform the treasurer and CFO of the suspected fraud.
B. Notify the South African Reserve Bank (SARB).
C. Notify local law enforcement authorities.
D. Confront the supervisor of cash operations with the allegations.
1.4 A final internal audit report is most useful to executive management when it ... A. describes
the system of internal control in operations.
B. provides an overall, appropriately supported opinion about the operations
reviewed.
C. ignores restrictions placed on the internal auditor in performing the audit.
D. describes all audit findings in detail.
, UNIVERSITY EXAMINATIONS
May/ June 2024
AUI3702
Internal Auditing: Advanced Internal Audit Applications
100 Marks
Duration 2 Hours
This paper consists of 11 pages.
Please take note that The Invigilator App
will request you take a picture of every
page of your answer sheet at the end of
the assessment.
Please take note that this does not replace
your formal scan and upload to your
Learning Management System
(MyExams).
YOUR EXAM QR CODE & QR ACCESS CODE
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Please log into The Invigilator App. You need to be connected to the internet in order to log
in and scan the QR code.
• Scan the QR code above as soon as you have downloaded your question paper during the
15-minute download window. Please take note that you can only scan the QR code for a
limited time and it should therefore be scanned as soon as possible to start the invigilation.
• If you encounter difficulty with scanning of the QR code, you can also enter the QR access
code at the bottom of the QR code in order to start the assessment.
• Once the QR code is scanned, you can place your smartphone next to you. The Invigilator
App will notify you when an action is required. Ensure your media volume is turned up.
• You may access your MyExams in the application if you only have one device by pressing
the ‘access LMS’ button.
• Please remember to keep your smartphone on charge for the duration of the assessment.
• Keep The Invigilator app open on your cell phone during the assessment. You are not
allowed to leave or minimise the application.
,• When an action is required, a notification beep will be heard. Action the request.
• Please ensure you are connected to the internet in order to commence the examination as
well as at the end of the examination. No internet connection is needed during the
assessment.
• It is important to first upload your script to the MyExams. Uploading of app data is not time
sensitive and you can do it after you have uploaded your script to the MyExams.
• It is important to note that you have to adhere to the time limit in your MyExams assessment
as the invigilation time in the app could exceed the time allocated to complete your
assessment.
• You can click the "Finish Assessment" button in the app if you finish early.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk
on 073 505 8273.
EXAMINATION INSTRUCTIONS:
• To locate your examination site visit https://myexams.unisa.ac.za/portal/ and click on your
module.
• The examination paper will be available for download 15 minutes before the official time.
• This is a closed book examination.
• Save a copy of the examination paper before you start answering the questions.
• Keep the Honesty Declaration in consideration throughout answering this paper.
• Answer in a handwritten format or typed format on your computer, then convert and upload
the document in one PDF format.
• You will have 1 hour to scan, combine into one PDF and upload your answers, failure to
submit within the allocated time will result in your paper being rejected by the system or
marked as late by the system and will not be marked.
• Write legibly and clearly and DO NOT password-protect your PDF file.
• Virus-infected files will not be marked.
• NO emailed submissions will be allowed.
• Commence the submission (uploading) of your answer file as soon as you have completed
the assessment, do not wait for the session to conclude.
• Verify the file details before final submission.
• Good Luck!
QUESTION MAIN TOPIC MARKS
1 Multiple-choice questions 15
2 Short Question 10
3 Revenue and Receipt Cycle 20
4 Payroll Cycle and Fraud 25
5 Financial and Operational Audit 30
100
, QUESTION 1 15 marks
REQUIRED
For each subsection of this question, select one alternative that you consider to be the most
appropriate answer. In your answer book, write down the number of the subsection, and next to
it the letter representing the alternative you have selected. Answer the sub-questions in
numerical sequence, for example:
1.1 A 1.2 C
Each correct answer is worth 1 mark.
1.1 One payroll audit objective is to determine whether the segregation of duties is proper. Which
of the following activities is incompatible?
A. preparing attendance data and preparing the payroll.
B. preparing the payroll and filing payroll tax forms.
C. signing and distributing the payroll cheques.
D. hiring employees and authorising changes in the pay rates.
1.2 Select the most effective audit engagement procedure. Audit engagement procedures for
assessing the efficiency of an online ordering system include:
A. review copies of weekly and monthly reports that show system availability (uptime)
and terminal.
B. compare the cost of processing the orders manually with the cost of the online
system.
C. compare the cost of developing the order entry system with the cost of developing
other applications.
D. determine the total number of transactions processed by the system for each of the
previous 12 months and note any fluctuations.
1.3 A disgruntled former employee phones the CAE to report the misappropriation of funds by the
supervisor of cash operations. Audit engagement tests subsequently verify the allegations.
Which action should the CAE proceed with based on the above information?
A. Inform the treasurer and CFO of the suspected fraud.
B. Notify the South African Reserve Bank (SARB).
C. Notify local law enforcement authorities.
D. Confront the supervisor of cash operations with the allegations.
1.4 A final internal audit report is most useful to executive management when it ... A. describes
the system of internal control in operations.
B. provides an overall, appropriately supported opinion about the operations
reviewed.
C. ignores restrictions placed on the internal auditor in performing the audit.
D. describes all audit findings in detail.
