Aue2602 assignment 1 semester 2 2023 solutions

Started on Tuesday, 15 August 2023, 9:23 AM
State Finished
Completed on Tuesday, 15 August 2023, 9:40 AM
Time taken 16 mins 56 secs
Marks 20.00/20.00
Grade 100.00 out of 100.00
Question 1
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Question text
Select the alternative which best completes the following statement:
The term “computerised environment” refers to any particular, unique combination of …

Select one:

a.
data centres housing servers, routers, modems and so forth.


b.
computerised business cycles.


c.
general and application controls.


d.
hardware, software and personnel.

Question 2
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, Question text
Which ONE of the following statements is false?
According to section 94 of the Companies Act...

Select one:

a.
One of the duties of the audit committee is to appoint the external auditors.


b.
Each member of the audit committee should be a director of the company.


c.
The audit committee should comprise of at least three members.


d.
Any vacancy on the audit committee must be filled by the board within 40 days.

Question 3
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Question text
Choose the correct option below regarding the Companies Act requirements concerning the
appointment of an audit committee.


a.
The audit committee must consist of at least five (5) members.


b.
The directors must appoint the audit committee at each annual general meeting.


c.
The majority of the members of the audit committee must be directors of the company.