1 What is the primary responsibility of the external auditor?
A To verify all the financial transactions and supporting documentation of the client
B To ensure that the client’s financial statements are reasonably accurate and free from bias
C To report all financial irregularities to the shareholders of the client
D To ensure that all the client’s financial statements are prepared and submitted to the relevant authorities on time
2 Marcus is charged with the leadership of a multi-disciplinary work team to oversee the development of a new accounting system. He determines that he must ensure that he has
representatives from each of the sections in the finance directorate. He finds that the team starts to work well but gradually fails to deliver viable options. The meetings deteriorate into arguments as to who is responsible for what. There is no clear sense of direction. No one seems to take
responsibility for the investigation of new options. No one seems to be assessing progress at each meeting.
Marcus may or may not be responsible for the following failures:
1. Failure to ensure effective team management
2. Failure to allow the team enough time to develop
Which failures is Marcus responsible for?
A 1 only
B 2 only
C Neither failure
D Both failures
3 Wasim is the Customer Services Manager in a large leisure park. The forthcoming weekend is going to be the busiest of the year, as it is a public holiday. Wasim has to cope with several absentees, leaving him short-staffed in public areas of the park. His manager has told him that he expects him to catch up with some administrative reports that were due last week. Wasim also
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has to arrange for six new staff to be trained, who will be arriving imminently.
In order to manage his workload most effectively, what should Wasim do?
A Prioritise the tasks in relation to the most important business outcomes
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