9/5/24, 11:19 AM Assessment 2: Attempt review
Dashboard Calendar
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Started on Thursday, 5 September 2024, 11:03 AM
State Finished
Completed on Thursday, 5 September 2024, 11:19 AM
Time taken 25 mins 6 secs
Marks 30/30
Grade 100 out of 100
Question 1
Complete
Mark 2 out of 2
All sales are made on credit, and Wireless Ltd is responsible for delivering the goods to its customers. The audit senior has requested
that you assist with parts of the cycle.
Which one of the following internal control procedures would most likely assure that all billed sales are correctly posted to the
accounts receivable ledger?
Select one:
a. The accounts receivable ledger is reconciled daily to the control account in the general ledger.
b. Each sales invoice is supported by a pre-numbered shipping document.
c. Daily sales summaries are compared to daily postings in the accounts receivable ledger.
d. Each shipment on credit is supported by a pre-numbered sales invoice.
Question 2
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
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=222704&cmid=71042 1/9
, 9/5/24, 11:19 AM Assessment 2: Attempt review
Question 3
Complete
Mark 2 out of 2
Dashboard Calendar
The company has very good internal control, which addresses and is based on the generally accepted components of internal control,
Dashboard
namely: / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
* the control environment
* the risk assessment process
* the information system - relevant to financial reporting
* control activities
* monitoring of controls
The following piece of information relates to the revenue and receipts cycle:
All journal entries for the write off of a debtor are authorised by the credit controller and the senior financial accountant.
Identify the component of internal control to which the above information relates:
Select one:
a. Control activities
b. The information system
c. The control environment
d. The risk assessment process
Question 4
Complete
Mark 2 out of 2
Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective?
Select one:
a. carelessness on the part of an employee
b. the tendency to direct internal controls – at routine transactions rather than non – routine transactions
c. cost constraints
d. collusion
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=222704&cmid=71042 2/9
Dashboard Calendar
Dashboard / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
Started on Thursday, 5 September 2024, 11:03 AM
State Finished
Completed on Thursday, 5 September 2024, 11:19 AM
Time taken 25 mins 6 secs
Marks 30/30
Grade 100 out of 100
Question 1
Complete
Mark 2 out of 2
All sales are made on credit, and Wireless Ltd is responsible for delivering the goods to its customers. The audit senior has requested
that you assist with parts of the cycle.
Which one of the following internal control procedures would most likely assure that all billed sales are correctly posted to the
accounts receivable ledger?
Select one:
a. The accounts receivable ledger is reconciled daily to the control account in the general ledger.
b. Each sales invoice is supported by a pre-numbered shipping document.
c. Daily sales summaries are compared to daily postings in the accounts receivable ledger.
d. Each shipment on credit is supported by a pre-numbered sales invoice.
Question 2
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
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=222704&cmid=71042 1/9
, 9/5/24, 11:19 AM Assessment 2: Attempt review
Question 3
Complete
Mark 2 out of 2
Dashboard Calendar
The company has very good internal control, which addresses and is based on the generally accepted components of internal control,
Dashboard
namely: / My courses / AUE2602-24-S2 / AUE2602 Assessment 2 / Assessment 2
* the control environment
* the risk assessment process
* the information system - relevant to financial reporting
* control activities
* monitoring of controls
The following piece of information relates to the revenue and receipts cycle:
All journal entries for the write off of a debtor are authorised by the credit controller and the senior financial accountant.
Identify the component of internal control to which the above information relates:
Select one:
a. Control activities
b. The information system
c. The control environment
d. The risk assessment process
Question 4
Complete
Mark 2 out of 2
Which ONE of the following events is most likely to result in the segregation of duties becoming ineffective?
Select one:
a. carelessness on the part of an employee
b. the tendency to direct internal controls – at routine transactions rather than non – routine transactions
c. cost constraints
d. collusion
https://cas.myexams.unisa.ac.za/mod/quiz/review.php?attempt=222704&cmid=71042 2/9
