WorksheetsTheory and important concepts
Total questions: 10
Worksheet time: 5mins
KING III Report - 2009
A set of guidelines and principles designed to promote corporate governance, accountability, transparency, and ethical business practices.
The ability to be proficient in your work by having the
necessary knowledge, experience, and qualifications.
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made
Apply AND explain.
Impact of decision making on people, the environment,
and the profit of the business.
Internal audit ...
The ability to be proficient in your work by having the
necessary knowledge, experience, and qualifications.
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly
Refers to the correct way of doing business.
Business ethics
Recommendations for changes with regard to the
statements since everything is not correct and reliable.
Refers to the correct way of doing business.
Entails daily control over implementation of control
measures introduced.
No employee should act in such a manner that it would
have a negative impact on the image of his profession or
employer.
Qualified audit report
No employee should act in such a manner that it would
have a negative impact on the image of his profession or
employer.
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly
Entails daily control over implementation of control
measures introduced.
Recommendations for changes with regard to the
statements since everything is not correct and reliable.
“Triple bottom line”
Refers to the correct way of doing business.
Impact of decision making on people, the environment,
and the profit of the business.
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly
Entails daily control over implementation of control
measures introduced.
Internal control
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly
Recommendations for changes with regard to the
statements since everything is not correct and reliable.
Entails daily control over implementation of control measures introduced.
Professional competence
The ability to be proficient in your work by having the
necessary knowledge, experience, and qualifications.
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly
No employee should act in such a manner that it would
have a negative impact on the image of his profession or
employer.
Entails daily control over implementation of control
measures introduced.
Unqualified audit report
Impact of decision making on people, the environment, and the profit of the business.
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made.
Recommendations for changes with regard to the
statements since everything is not correct and reliable.
No employee should act in such a manner that it would
have a negative impact on the image of his profession or
employer.
Professional behaviour
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made.
The ability to be proficient in your work by having the
necessary knowledge, experience, and qualifications.
Monitor whether the control measures that were
introduced comply with certain requirements to ensure
that the goals will be attained, if implemented correctly.
No employee should act in such a manner that it would
have a negative impact on the image of his profession or
employer.
KING IV – report of 2017
Recommendations for changes with regard to the
statements since everything is not correct and reliable.
Designed to guide organizations on how to achieve sustainable success while promoting responsible business practices.
Monitor whether the control measures that were
introduced comply with certain requirements to ensure.
that the goals will be attained, if implemented correctly.
Means that all statements and information are correct
and reliable, and that no recommendations or changes
are made.