Assignment task:
Subject Name: Conduct audit planning and implementation in a South
African municipality
Instruction:
- Do not Plagiarize
- Please do not use ChatGPT or IA
- If you do not know the answer leaves the question for other tutors to answer
- Download and refer to : US 116351 Learner Guide
Task 1:
Q1. Explain the relationship between external and internal audit works and discuss how these relationships benefit management. (p36 and p44)
Task 2:
Q1. Why is the Auditor General prohibited from undertaking consulting work at auditees? (p38)
Q2. Why is the prohibition important from a financial management perspective?
Task 3:
Q1. Discuss practical ways of how municipal management can utilize the outcomes of the external audit to enhance governance and financial management of the municipality. p41(Sec 131 MFMA)
Task 4:
Q1. Explain in your own words the role of audit committees (p 65-67)
Q2. Explain in your own words the role of internal audit.
Q3. How does internal audit and audit committees contribute to and enhance sound municipal financial governance within a municipality? (p 74)
Task 5:
Q1. Explain what is meant by control frameworks, giving practical examples to demonstrate your understanding (p 59)
Q2. Based on your understanding of control frameworks, evaluate how the concept and practice of control frameworks practically enhance sound financial governance in a municipality. (p 60)
Task 6:
Q1. Explain in your own words the role of external audit in respect of sound municipal management government principles. (p 69 and 70)
Q2. How does its role practically enhance financial governance in a municipality? (p 64)
Q3. Although an external audit does not formally speak directly to risk management, in what way can external audit inform the risk management process within a municipality?
Task 7:
Q1. Outline the process and procedures involved in reporting on internal audit findings. (p73)
Q2. What are the issues covered in an internal audit report and what are their implications for management? (p80-81)
Q3. How can municipal management utilize the outcomes of the internal audit to enhance governance and financial management of the municipality? (p 30, 50-53)
Task 8:
Q1. Define and distinguish between stewardship auditing and performance auditing.
Q2. Discuss the role of performance audits in the context of municipality's service delivery programmes. (p 101)
Task 9:
Q1. What issues are covered by external auditors in an external audit report?(p 101)