lOMoAR cPSD| 32110785
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, lOMoAR cPSD| 32110785
1. With which of the following requirements
should an individual who wishes to become a
member of the South African Institute of
Chartered Accountants (SAICA) comply?
You should choose all the options representing
requirements that should be met in order to
register as a member.
a.
Obtain a recognised qualification from an
accredited university.
b.
Pass the Initial test of Competence (ITC)
examination and the Assessment of Professional
Competence (APC) examination
c.
Complete a training contract in public practice
d.
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Satisfy the requirements of the Audit
Development Programme subsequent to meeting
the requirements for registration as a chartered
accountant.
Feedback
Your answer is partially correct.
You have correctly selected 2.
References
· Auditing Notes for South African Students (2021:1/10)
The correct answers are:
Obtain a recognised qualification from an accredited university.,
Pass the Initial test of Competence (ITC) examination and the Assessment of Professional
Competence (APC) examination,
Complete a training contract in public practice
Question 2
Partially correct
Mark 0.80 out of 2.00
Question text Flag
question
Match the correct description of the following
threats to compliance with the fundamental
principles:
Professional accountants quote a low fee to
obtain a new
engagement, but the fee is so low that it might be
difficult to Answer 1
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, lOMoAR cPSD| 32110785
perform the professional service in accordance
with applicable Self-interest threat technical and
professional standards of practice.
A professional accountant has prepared
the original data used to Answer 2
generate the records that are the subject
matter of the assurance
engagement. Self-interest threat
A professional accountant lobbies in favour of
legislation on Answer 3
behalf of a client. Self-review threat
A professional accountant has a close family
member who is the Answer 4
director of the client. Familiarity threat
A professional accountant accepted a significant
gift from a Answer 5
client and threatened that acceptance of the gift
will be made
public. Self-interest threat
Feedback
Your answer is partially correct.
You have
correctly
selected 2.
References
· Code of Professional Conduct, sections
300.6 A1, included in SAICA student handbook,
Volume 2B
Downloaded by Vincent Cosmas ()
Downloaded by Vincent Cosmas ()
, lOMoAR cPSD| 32110785
1. With which of the following requirements
should an individual who wishes to become a
member of the South African Institute of
Chartered Accountants (SAICA) comply?
You should choose all the options representing
requirements that should be met in order to
register as a member.
a.
Obtain a recognised qualification from an
accredited university.
b.
Pass the Initial test of Competence (ITC)
examination and the Assessment of Professional
Competence (APC) examination
c.
Complete a training contract in public practice
d.
Downloaded by Vincent Cosmas ()
, lOMoAR cPSD| 32110785
Satisfy the requirements of the Audit
Development Programme subsequent to meeting
the requirements for registration as a chartered
accountant.
Feedback
Your answer is partially correct.
You have correctly selected 2.
References
· Auditing Notes for South African Students (2021:1/10)
The correct answers are:
Obtain a recognised qualification from an accredited university.,
Pass the Initial test of Competence (ITC) examination and the Assessment of Professional
Competence (APC) examination,
Complete a training contract in public practice
Question 2
Partially correct
Mark 0.80 out of 2.00
Question text Flag
question
Match the correct description of the following
threats to compliance with the fundamental
principles:
Professional accountants quote a low fee to
obtain a new
engagement, but the fee is so low that it might be
difficult to Answer 1
Downloaded by Vincent Cosmas ()
, lOMoAR cPSD| 32110785
perform the professional service in accordance
with applicable Self-interest threat technical and
professional standards of practice.
A professional accountant has prepared
the original data used to Answer 2
generate the records that are the subject
matter of the assurance
engagement. Self-interest threat
A professional accountant lobbies in favour of
legislation on Answer 3
behalf of a client. Self-review threat
A professional accountant has a close family
member who is the Answer 4
director of the client. Familiarity threat
A professional accountant accepted a significant
gift from a Answer 5
client and threatened that acceptance of the gift
will be made
public. Self-interest threat
Feedback
Your answer is partially correct.
You have
correctly
selected 2.
References
· Code of Professional Conduct, sections
300.6 A1, included in SAICA student handbook,
Volume 2B
Downloaded by Vincent Cosmas ()
