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    Audit CH 1 (Half)

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    (1) The document provides instructions for an audit and assurance test with 4 questions. It instructs examinees to answer all questions in black pen on separate pages and allocates marks for each question. (2) Question 1 asks to briefly describe the concepts of accountability, stewardship and agency in the context of a company. (3) Question 2 asks to list four responsibilities of management and those charged with governance with respect to the audit.

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    Audit CH 1 (Half)

    Uploaded by

    Myxini tv
    8 views1 page
    (1) The document provides instructions for an audit and assurance test with 4 questions. It instructs examinees to answer all questions in black pen on separate pages and allocates marks for each question. (2) Question 1 asks to briefly describe the concepts of accountability, stewardship and agency in the context of a company. (3) Question 2 asks to list four responsibilities of management and those charged with governance with respect to the audit.

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    Audit ch 1 (half)[1]

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    (1) The document provides instructions for an audit and assurance test with 4 questions. It instructs examinees to answer all questions in black pen on separate pages and allocates marks for each question. (2) Question 1 asks to briefly describe the concepts of accountability, stewardship and agency in the context of a company. (3) Question 2 asks to list four responsibilities of management and those charged with governance with respect to the audit.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    8 views1 page

    Audit CH 1 (Half)

    Uploaded by

    Myxini tv
    (1) The document provides instructions for an audit and assurance test with 4 questions. It instructs examinees to answer all questions in black pen on separate pages and allocates marks for each question. (2) Question 1 asks to briefly describe the concepts of accountability, stewardship and agency in the context of a company. (3) Question 2 asks to list four responsibilities of management and those charged with governance with respect to the audit.

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    © All Rights Reserved
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    of 1

    March 22 ,2024

    ِ‫ب‬ 40 minutes – 20 marks


    Additional Reading Time – 5 minutes

    AUDIT AND ASSURANCE


    Test-1
    Chapter 1 ( HALF )

    Instructions to examinee

    (i) Answer All 4 Questions


    (ii) Answer in Black pen only
    (iii) Attempt each Question on new page.

    Question-1

    Briefly describe the concepts of accountability, stewardship and agency in the context of a company?
    (6)

    Question-2

    Write any FOUR responsibilities of Management and Those charged with Governance with respect to the
    Audit?
    (4)

    Question-3

    Define Assurance Engagement and briefly describe its FIVE elements?


    (7)

    Question-4

    Why the Auditor is unable to provide an Absolute Assurance?


    (3)

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