Tutorials Assessment

Tutorials Assessment

Contents
INTRODUCTION.......................................................................................................................................4
WEEK 1......................................................................................................................................................4
(a) Providing advice on accounting policies and accounting standards...................................................4
(b) Auditing annual financial report........................................................................................................4
(c) Providing assistance to management and the board in strengthening internal controls and corporate
governance practices...............................................................................................................................4
(e) Checking compliance with company policies and legislative regulations..........................................5
WEEK 2......................................................................................................................................................5
Two primary threats to independence......................................................................................................5
Appropriate safeguard to address............................................................................................................5
WEEK 3......................................................................................................................................................6
Identification of risk................................................................................................................................6
WEEK 4......................................................................................................................................................6
General meaning of each ratio.................................................................................................................6
WEEK 5......................................................................................................................................................7
Weakness in purchase and payment function..........................................................................................7
Recommendations to overcome from weakness......................................................................................8
REFERENCES............................................................................................................................................9