Dashboard Calendar
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Started on Friday, 6 September 2024, 1:44 PM
State Finished
Completed on Friday, 6 September 2024, 2:05 PM
Time taken 20 mins 46 secs
Marks 26/30
Grade 87 out of 100
,Question 1
Complete
Mark 0 out of 2
Dashboard Calendar
The following information concerns individuals on Protea’s Board of Directors as at 29 February 2020:
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Director Notes Position
Mr S Bokkie Mr Bokkie owns 15% of the equity interest in Protea Chairperson of the Board
He has also served as the Chairperson of the Audit Committee of
Protea for a number of years
Mr S Kolisi Mr Kolisi had been appointed to the position of CEO of Protea on 1 July Chief Executive Officer
2007 and he also served as a member of the Audit Committee of Protea (CEO)
for a number of years. Mr Kolisi and Mr Bokkie are the two members
serving on the Audit Committee.
Mr H Pollard Chief Financial Officer (CFO)
CA(SA) and Company Secretary
Mr R Erasmus Chief Operations Officer
(COO)
Mr M Director: Human Resources
Mampimpi
Mr F de Klerk Mr de Klerk is the CEO of one of Protea’s significant suppliers Non-executive director
Ms C Kolbe Ms Kolbe serves on the boards of ten other companies from various Non-executive director
industry sectors
Mr T Mtawarira Non-executive director
Which of the following aspects will contribute to ensure that Protea Limited’s board of directors complies with the
principles of the King IV Report by ensuring that the board is comprised of the appropriate balance of knowledge,
skills, experience, diversity and independence?
1. Mr S Kolisi, the CEO, is not the chairperson of the governing body.
2. The Chairperson of the Board, Mr S Bokke, is an independent non-executive director.
3. There are 4 non-executive, directors and 4 executive directors.
4. A company secretary is appointed to the board.
5. A CFO is appointed to the board.
6. There are 8 members appointed to the board.
Select one:
a. 2, 3, 5 and 6
b. 1 and 5
c. 1 and 3
d. 1, 2, 3, 4, 5 and 6
, Question 2
Complete
Mark 2 out of 2
Dashboard Calendar
Select from the following alternatives the incorrect alternative with regard to the characteristics of internal control.
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Select one:
a. Internal control is a process: a combination of systems, policies and procedures, designed, implemented and maintained to deal
with the risks of running a business.
b. The board of directors has overall responsibility and accountability for the internal control of a business.
c. The potential of human error due to carelessness, distraction, errors of judgement and misunderstanding of instructions is a
limitation of internal controls.
d. Internal controls are not affected by changes in conditions; therefore, compliance with procedures will not deteriorate.
Question 3
Complete
Mark 2 out of 2
Which ONE of the following alternatives is a general IT control and not an application control?
Select one:
a. user identification to access the system
b. override reports
c. minimum keying in of information
d. batching
Question 4
Complete
Mark 2 out of 2
A company requires assistance with the program checks that will ensure compliance with the requirement below to ensure the
accuracy and completeness of the online input of sales invoice data. The requirement is:
The VAT number of the company’s client should be shown on all the company’s tax invoices.
Which ONE of the following alternatives is the program check that will ensure compliance with this requirement?
Select one:
a. check digit
b. mandatory fields
c. sequence check
d. limit check
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Started on Friday, 6 September 2024, 1:44 PM
State Finished
Completed on Friday, 6 September 2024, 2:05 PM
Time taken 20 mins 46 secs
Marks 26/30
Grade 87 out of 100
,Question 1
Complete
Mark 0 out of 2
Dashboard Calendar
The following information concerns individuals on Protea’s Board of Directors as at 29 February 2020:
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Director Notes Position
Mr S Bokkie Mr Bokkie owns 15% of the equity interest in Protea Chairperson of the Board
He has also served as the Chairperson of the Audit Committee of
Protea for a number of years
Mr S Kolisi Mr Kolisi had been appointed to the position of CEO of Protea on 1 July Chief Executive Officer
2007 and he also served as a member of the Audit Committee of Protea (CEO)
for a number of years. Mr Kolisi and Mr Bokkie are the two members
serving on the Audit Committee.
Mr H Pollard Chief Financial Officer (CFO)
CA(SA) and Company Secretary
Mr R Erasmus Chief Operations Officer
(COO)
Mr M Director: Human Resources
Mampimpi
Mr F de Klerk Mr de Klerk is the CEO of one of Protea’s significant suppliers Non-executive director
Ms C Kolbe Ms Kolbe serves on the boards of ten other companies from various Non-executive director
industry sectors
Mr T Mtawarira Non-executive director
Which of the following aspects will contribute to ensure that Protea Limited’s board of directors complies with the
principles of the King IV Report by ensuring that the board is comprised of the appropriate balance of knowledge,
skills, experience, diversity and independence?
1. Mr S Kolisi, the CEO, is not the chairperson of the governing body.
2. The Chairperson of the Board, Mr S Bokke, is an independent non-executive director.
3. There are 4 non-executive, directors and 4 executive directors.
4. A company secretary is appointed to the board.
5. A CFO is appointed to the board.
6. There are 8 members appointed to the board.
Select one:
a. 2, 3, 5 and 6
b. 1 and 5
c. 1 and 3
d. 1, 2, 3, 4, 5 and 6
, Question 2
Complete
Mark 2 out of 2
Dashboard Calendar
Select from the following alternatives the incorrect alternative with regard to the characteristics of internal control.
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Select one:
a. Internal control is a process: a combination of systems, policies and procedures, designed, implemented and maintained to deal
with the risks of running a business.
b. The board of directors has overall responsibility and accountability for the internal control of a business.
c. The potential of human error due to carelessness, distraction, errors of judgement and misunderstanding of instructions is a
limitation of internal controls.
d. Internal controls are not affected by changes in conditions; therefore, compliance with procedures will not deteriorate.
Question 3
Complete
Mark 2 out of 2
Which ONE of the following alternatives is a general IT control and not an application control?
Select one:
a. user identification to access the system
b. override reports
c. minimum keying in of information
d. batching
Question 4
Complete
Mark 2 out of 2
A company requires assistance with the program checks that will ensure compliance with the requirement below to ensure the
accuracy and completeness of the online input of sales invoice data. The requirement is:
The VAT number of the company’s client should be shown on all the company’s tax invoices.
Which ONE of the following alternatives is the program check that will ensure compliance with this requirement?
Select one:
a. check digit
b. mandatory fields
c. sequence check
d. limit check
