Audit reports
12th Grade
•7 Qs
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Audit reports
Quiz
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Education
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12th Grade
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Practice Problem
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Hard
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7 questions
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1.
DROPDOWN QUESTION
1 min • 1 pt
Everest Ltd received a (a) audit report .
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
Give a reason on what type of audit report this is ?
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4.
OPEN ENDED QUESTION
3 mins • 4 pts
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
What type of report did VOVO LTD receive ? explain
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7.
OPEN ENDED QUESTION
3 mins • 4 pts
How would the audit report affect the shares of VOVO LTD on the Johannesburg stock exchange (JSE) ?
Mention two points
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