Audit reports

Audit reports

12th Grade

7 Qs

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Audit reports

Audit reports

Assessment

Quiz

Education

12th Grade

Practice Problem

Hard

Created by

Tutor King

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7 questions

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1.

DROPDOWN QUESTION

1 min • 1 pt

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Everest Ltd received a ​ (a)   audit report .

unqualified
qualified 
unqualified 
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2.

OPEN ENDED QUESTION

3 mins • 2 pts

Give one reason why the Companies Act requires public companies to be audited by an independent auditor ?

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3.

OPEN ENDED QUESTION

3 mins • 2 pts

Media Image

Give a reason on what type of audit report this is ?

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OFF

4.

OPEN ENDED QUESTION

3 mins • 4 pts

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Newspaper reports have indicated that Kego and Murray Associates have been found guilty of misconduct in terms of audit work done at several large firms. Explain how this may influence shareholders of Everest Ltd. State TWO points

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5.

OPEN ENDED QUESTION

3 mins • 2 pts

Name one party other than the shareholders that will be interested in the audit opinion and give a reason for your answer ?

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6.

OPEN ENDED QUESTION

3 mins • 3 pts

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What type of report did VOVO LTD receive ? explain

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7.

OPEN ENDED QUESTION

3 mins • 4 pts

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How would the audit report affect the shares of VOVO LTD on the Johannesburg stock exchange (JSE) ?

Mention two points

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OFF

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