Series: MAY 2024

Search 500 + past questions and counting.
  • Filter by Professional Bodies

  • Filter by Subject

  • Filter by Series

  • Filter by Topics

  • Filter by Levels

AAA – May 2024 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Guide on IT application in auditing and necessary IT tools for effective assurance.

Technology, essentially computerisation, has in recent times affected various aspects of life and business activities to varying degrees. For instance, this has led to online purchases and account processing from various locations beyond the domiciled bank branches. Though this electronic business and commerce has made things easier, challenges still persist in the process. As an auditor, it is necessary to evaluate the audit environment to gain proper knowledge of the client’s operating environment, whether manual or computerised. This is especially essential for your firm’s newly employed audit staff.

Required:

a. Prepare an advisory guide for these new audit staff, highlighting the application of information technology to the audit process. (6 Marks)

b. Discuss the relevant information technology tools that are necessary for the effective provision of assurance services. (9 Marks)

(Total 15 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics"

AAA – May 2024 – L3 – SC – Q6 – Quality Control in Audit Firms

Outline the impacts of poor quality audit services and engagement partner responsibilities under ISA 220.

The partners of a number of small firms, some of whom act as alternate firms to each other, were considering the outcome of some reviews by the Financial Reporting Council on some of the financial statements the firms prepared. These reviews showed significant lapses in the works they carried out and compliance failure of some appropriate standards. Some other practitioners among them also raised concerns about their failure to meet most of the monitoring guidelines issued by the Professional Practice Monitoring Committee of the Institute. Based on these, it has become imperative that something has to be done urgently to save them from further sanctions and possible litigations.

The partners of these small firms have consulted, sought, and obtained approval of your firm to train them on the requirements of relevant regulatory bodies as part of your firm’s contribution to the accountancy profession in general and in recognition of your firm as one of the reputable big firms. Your partner has directed that you prepare and make a presentation to help improve their service delivery standards.

Required:

Prepare an outline for a paper that will be used to address these practitioners on the following:

a. The consequences and actions that could arise as a result of poor quality professional service delivery.

(3 Marks)

b. The responsibilities of “key quality control matters” placed on the engagement partner in accordance with ISA 220-Quality Control for an Audit of Financial Statements. (12 Marks)

(Total 15 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SC – Q6 – Quality Control in Audit Firms"

AAA – May 2024 – L3 – SC – Q5 – Auditor’s Legal Liability

Assess the auditor's legal position and requirements for due care in Globamedia's case, and outline preventive steps.

Globamedia is a company listed on The Nigerian Exchange (NGX) and is a long-established media company. In the last three years, it made some losses, though it is making investment in digital publishing. This investment and the company’s projected sound future prospects have led to a good market rating since it was generally seen that this digital publishing is a leading edge in the media industry. Its investments have been funded through the use of reserves built over many years.

However, a few weeks ago, Globamedia’s shares were suspended, having fallen by more than the stipulated threshold by The Nigerian Exchange Group on rumors that asset values have been significantly overstated and that the company was no longer financially viable. Your firm as the auditors has come under significant criticism and is considered as being negligent.

Required:

a. Evaluate the legal position of your firm. (5 Marks)

b. Discuss the requirements for due care. (5 Marks)

c. Highlight the steps and procedures that the firm could have taken to prevent such a situation from occurring. (5 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SC – Q5 – Auditor’s Legal Liability"

AAA – May 2024 – L3 – SB – Q4 – Forensic Auditing

Discuss auditor responsibility for fraud detection, strategies for closing the expectation gap, differences between review and audit reports, and required reporting for managing fraud.

Demmy Global Limited, a growth-oriented company controlled by its Managing Director, Mr. Longe, sells mobile smartphones through sales agents on a commission basis. Phones are supplied on a sale or return basis, with sales recognized upon receipt by agents. The company’s growth appears rapid due to fraudulent practices by Mr. Longe, including:

  1. Fictitious agents responsible for 25% of revenue.
  2. Year-end dispatch of inventories to agents with post-year-end returns recorded as repurchases.
  3. Capitalization of 20% of cost of sales by falsifying purchase invoices with suppliers.
  4. Director bonuses linked to profits, encouraging uncritical acceptance of rapid growth.

The fraud was concealed by falsified records, bribery, and restrictions on auditor access to corroborate sales and verify contracts.

The external auditor is now sued by a bank that granted a loan to Demmy Global Limited based on interim financial statements reviewed by the auditor, for which a review report was issued.

Required:

  1. Discuss the extent to which an auditor is responsible for detecting fraud and error, and the external auditor’s procedure where fraud or error is suspected. (7 Marks)
  2. Advise the auditor on strategies to close the expectation gap. (5 Marks)
  3. Explain how the ‘review report’ issued by the auditor on the interim financial statements differs in terms of its level of assurance from the auditor’s report on the year-end financial statements. (2 Marks)
  4. Evaluate the circumstance and nature of the reports that would have been necessary for the auditor based on the activities of the Managing Director. (6 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SB – Q4 – Forensic Auditing"

AAA – May 2024 – L3 – SB – Q3b – Audit Reporting

Determine if the opinion should be unmodified, assess if it requires a Material Uncertainty paragraph, and discuss modified report form and content.

A client company has prepared draft financial statements for the year ending December 31, 2020. In February 2021, a legal claim was made against the company, claiming substantial damages. The company’s lawyers have advised that the claim has less than a 50% chance of success. If the claim succeeds, the company would have sufficient cash resources to meet the claim in full.

The matter is disclosed in the draft financial statements in a note, as a material contingent liability.

Required:

  1. Advise if the audit opinion should be unmodified, and if so, should the report contain a ‘Material Uncertainty Related to Going Concern’ paragraph? (3 Marks)
  2. Discuss the form and content of a modified auditor’s report. (7 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SB – Q3b – Audit Reporting"

AAA – May 2024 – L3 – SB – Q3a – Audit Reporting

Discuss forming an appropriate opinion due to scope limitations and evaluate drafted audit report extracts.

You are the Manager-in-charge of the audit of Moonshine Limited. Your auditor’s report for the financial year ended December 31, 2019, was signed without modification in February 2020. The scope of the audit for the year ended December 31, 2020, has been limited because the company’s Chief Executive Officer fled the country in April 2020, taking the accounting records with him.

You have identified a valuable training opportunity for Richard, a member of your audit team. As a training exercise, you have asked Richard to draft the extracts for the basis of opinion and opinion paragraphs that may not be standard wording in an unmodified auditor’s report.

Richard’s draft extracts were produced as follows:

  • Basis of Opinion (extract)
    “However, the evidence available to us was limited because accounting records were missing from early in the year and it was not possible to reconstruct them completely.”
  • Opinion (extract)
    “Because of the possible effect of the limitations in the information available to us, we do not express an opinion on the financial statements.”

Required:

  1. Discuss the principal matters relevant to forming an appropriate opinion on the financial statements of Moonshine for the year ended December 31, 2020. (8 Marks)
  2. Evaluate the suitability of Richard’s draft extracts. (2 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SB – Q3a – Audit Reporting"

AAA – May 2024 – L3 – SB – Q2 – Overview of Advanced Audit and Assurance

Discuss audit review types, include necessary IAS 16 and IAS 36 information in the audit checklist, and advise on misclassified asset treatment.

The statement below is an extract of property, plant and equipment from the “notes to the financial statements” of ABC Plc:

Land and buildings Plant, equipment, fixtures and fittings, and motor vehicles Total
Costs (₦)
At January 1, 2020 75,230,481 120,454,850 195,685,331
Additions 12,540,000 16,000,500 28,540,500
Acquisitions through business combinations 24,400,000 35,750,430 60,150,430
Classified as held for sale (10,200,450) (15,450,600) (25,651,050)
Disposals (5,000,465) (10,700,250) (15,700,715)
At December 31, 2020 96,969,566 146,054,930 243,024,496
Accumulated depreciation and impairment losses
At January 1, 2020 46,660,254 66,675,860 113,336,114
Depreciation charge for the year 5,594,523 17,220,518 22,815,041
Classified as held for sale (7,650,338) (9,270,000) (16,920,338)
Disposals (3,762,523) (9,034,069) (12,796,592)
Impairment losses 5,267,533 6,022,713 11,290,246
Reversal of Impairment losses (4,515,028) (4,818,170) (9,333,198)
At December 31, 2020 41,594,421 66,796,852 108,391,273

Net carrying amount
At December 31, 2020: ₦55,375,145 (Land and buildings), ₦79,258,078 (Plant, equipment, fixtures, and fittings, and motor vehicles), Total: ₦134,633,223
At December 31, 2019: ₦28,590,212 (Land and buildings), ₦53,778,390 (Plant, equipment, fixtures, and fittings, and motor vehicles), Total: ₦82,368,602

The above was the situation of the statement of financial position of the company when it was signed at the board of directors meeting. During further review to sign off the audit file, it was discovered that the classification of some of the assets as impaired was due to wrong classification and the value had actually increased due to a new road network in the location. This affected the impairment losses for the year. The new value of the buildings affected and shown in the note above as available from market survey had actually grown to ₦8.5 million within the period under review.

Required:

  1. Evaluate the different types of audit review, the purposes, and the scope of the reviews. (10 Marks)
  2. Discuss the necessary information to be included in the audit checklist based on the information above in relation to IAS 16 – Property, Plant, and Equipment and IAS 36 – Impairment of Assets. (7 Marks)
  3. Advise on the treatment of the issue raised with regard to the wrongly classified assets. (3 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SB – Q2 – Overview of Advanced Audit and Assurance"

AAA – May 2024 – L3 – SA – Q1 – Audit Reporting

Discuss features in audit report proposal for Anything Goes Bank and differentiate audit, assurance, and attestation engagements.

Anything Goes Microfinance Bank Limited was incorporated in 2018 to meet the financial needs of low-level customers. The Management Accounts of 2019 revealed that the bank has a shareholders’ fund of N2.1 billion, total assets of over N5 billion, and customer deposits of N2 billion. It is the largest microfinance bank in Kito. Today, the bank continues to be the core banker for small and medium-scale enterprises and accounts for over 70% of the business turnover in Kito. It is the only indigenous microfinance bank that is fully owned by Kito shareholders. The bank directors are elected by key shareholders and represent all shareholders in both the public and private sectors.

The bank currently has a total employee establishment of over 350. With the liberalization of the economy and globalization of businesses, the bank embraced new challenges by becoming a commercial bank in 2020 and changed its name to Anything Goes Bank Limited. The change of Chief Executive Officer and the management at Anything Goes Bank Limited in early 2020 ushered in a new era where new ideas are adopted and managers reclaimed managerial responsibilities. The main objective was to come up with innovative business strategies that would ensure the bank serves its core customers effectively.

However, to reposition, the bank embarked on reviewing its corporate strategic plan, building on existing strengths, specifically addressing growth and development, information technology and business management, enhanced service delivery, profitability, and capital growth. The strategic plan for the bank has been drawn up with the theme “Managing for Value.” The strategies are based on four perspectives: people, customers, financial performance, and risk and control. The goal of the plan is to ensure that the bank meets shareholders’ expectations, provides a common language, ensures satisfaction for chosen customer segments, and fosters motivated and prepared staff. A focus on these four perspectives would result in customer satisfaction, efficient processes, and enhanced employee motivation.

To remain relevant and meet customers’ needs, the bank believes it must revisit its operating structure and expand its business. The bank aims to become a globally recognized commercial bank in Africa. Management believes a dynamic and flexible approach to strategic change and performance is essential, particularly when facing turbulence in its operating environment. A review of operations shows an increasingly complex environment with an accelerating rate of change, putting performance pressure from the government, public, and other stakeholders.

The bank is interested in early reporting but lacks the software capacity to handle current transaction volumes. Many staff members are not proficient in International Financial Reporting Standards, especially concerning complex financial instruments. A recent tax audit resulted in back duty assessment and other unresolved queries. Additionally, the bank faces issues with inefficient service delivery, public distrust in the banking sector, weak corporate governance, and rising bad loans.

The bank’s management has prepared a master plan with grand strategies, such as product development, market expansion, turnaround, and joint venture strategies. To achieve these grand strategies, functional strategies, including marketing, operations, organizational management, and financial strategies, are detailed in the master plan. However, implementation faces obstacles, including government policies, poor leadership, limited IT capacity, lack of funds, staff capability, and an inadequate corporate culture.

The bank has an audit committee, but it has not been performing optimally due to a lack of structured operations. It is also behind on some reporting requirements and has been fined by regulatory authorities. Although the bank views itself as small, it still requires an auditor to examine its accounts and express an opinion. Management is considering changing its auditors due to the transition to a commercial bank and has decided to request proposals for a new auditor appointment. Delays in attestation and assurance reporting to regulators have led to fines.

A friend of yours, whose father is a management staff member of the company and a student of accountancy, has informed you of these developments and asked for explanations to enlighten management before they send out a proposal for audit services.

Required:

a. Discuss the key features needed in an audit report which should be included in the proposal for audit services of Anything Goes Bank Limited. (10 Marks)

b. Explain the type of assurance service that the auditor of the bank should provide. (6 Marks)

c. List the duties the audit committee of the bank ought to be performing. (8 Marks)

d. Distinguish amongst audit, assurance, and attestation engagements. (6 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "AAA – May 2024 – L3 – SA – Q1 – Audit Reporting"

FM – May 2024 – L3 – SC – Q7 – Mergers and Acquisitions

Discuss manager-shareholder conflicts with examples and reasons for synergy in mergers and acquisitions.

(a) Discuss conflict of interest that may exist between managers and shareholders and give examples. (8 Marks)

(b) Explain why synergy might exist when one company merges with or takes over another company. (7 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "FM – May 2024 – L3 – SC – Q7 – Mergers and Acquisitions"

FM – May 2024 – L3 – SC – Q6 – Financial Distress and Bankruptcy

Discuss economic exposure in currency risk management and calculate impact of USD strengthening on Linko Plc’s market value.

(a) With respect to foreign currency risk management, explain economic exposure and discuss generally how a company can manage economic exposure. (8 Marks)

(b) Linko Plc is a UK-based company supplying medical equipment to the USA and Europe, while importing raw materials from the USA. It has net imports of 8 million dollars from the USA, which is expected to continue for the next six years. The company’s cost of capital is 10% per year. Assume cash flows occur at year-end and ignore taxation.

Required:
Assuming no change in the physical volume or dollar price of imports, estimate the impact on the expected market value of Linko Plc, if the market expects the dollar to strengthen by 4% per year against the pound. The current spot exchange rate (US$ per £1) is 1.9156 – 1.9210. (7 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "FM – May 2024 – L3 – SC – Q6 – Financial Distress and Bankruptcy"

TAX – May 2024 – L2 – SA – Q5 – Value Added Tax (VAT)

Compute VAT payable by Havillah Manufacturing Limited and identify VAT-exempt goods and services.

Havillah Manufacturing Limited, engaged in manufacturing perfumes and other cosmetic products, has the following profit or loss statement for the year ended September 30, 2021:

Additional Information:

  1. Turnover includes N64,350,000 from export sales and N141,900,000 from local sales.
  2. Cost of Sales includes:
    • Opening inventory (VAT inclusive): N24,915,000
    • Closing inventory (VAT inclusive): N40,865,000
    • Purchase of raw materials: N94,600,000
    • Freight charges: N20,570,000
    • Other direct materials: N13,530,000
  3. Plant and machinery purchased for N24,750,000 is included in opening inventory, VAT inclusive.
  4. VAT and withholding tax remitted during the year amounted to N2,173,180 and N1,787,500, respectively.

Required: a. Compute the net VAT payable by Havillah Manufacturing Limited for the year. (10 Marks)
b. State FIVE VAT-exempt goods. (2½ Marks)
c. State FIVE VAT-exempt services. (2½ Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "TAX – May 2024 – L2 – SA – Q5 – Value Added Tax (VAT)"

TAX – May 2024 – L2 – SA – Q4 – Cost-Volume-Profit (CVP) Analysis

Compute minimum tax liability for Pkikan Nigeria Ltd and discuss exemptions and basis.

Pkikan Nigeria Limited has been in business for several years and prepares accounts annually to December 31. The following data is available for the year ended December 31, 2021:

Description Amount (N’000)
Turnover 1,300
Cost of Sales (400)
Gross Profit 900
Less: Total Expenses (1,100)
Net Loss for the Year (200)

Additional information:

You were informed that:
(ii) After the review of the company‟s accounting records, N400,000 meant for the Managing Director of the company was erroneously included in the turnover for the year.
(iii) The issued share capital of the business was N1.8 million, out of which, the shareholders representing N300,000 are yet to pay the final call.
(iv) The net assets of the company was N850,000.
(v) There was a loss brought forward of N210,000 relating to the previous year ofassessment and the agreed capital allowance with the Revenue was N385,000.

Required:
a. Compute the minimum tax liability for the assessment year. (14 Marks)
b. Explain the reasons for calculating minimum tax liability. (3 Marks)
c. Identify companies exempt from minimum tax liability calculations. (3 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "TAX – May 2024 – L2 – SA – Q4 – Cost-Volume-Profit (CVP) Analysis"

TAX – May 2024 – L2 – SA – Q3 – Taxation of Non-Residents

Discuss significant economic presence in digital transactions and calculate the taxable income for Alhaji Yanko Abdulahi’s trust.

a. Section 6 (6A) of the Personal Income Tax Act Cap P8 LFN 2004, as amended by the Finance Act 2020, states that the Minister by Order can determine what constitutes the significant economic presence of a non-resident, executor, or trustee.

Required:
i. In relation to what constitutes a significant economic presence, discuss Digital transactions (4 Marks)
ii. Discuss Services (4 Marks)

b. Alhaji Yanko Abdulahi was a successful businessman in Kano before he died. He is survived by two children, Yahaya and Binta.

A trust was created for the benefit of his two children. The trustee’s records for the year ended December 31, 2021, revealed the following information:

Item Amount (N)
Rental income (gross) 2,400,000
Profit from trading activities 32,160,800
Interest received (gross) 840,000
Other income 630,500

Additional Information:

  • Yahaya is entitled to a fixed annuity of N148,000 per annum.
  • Allowance for trustee expenses: N62,000.
  • Capital allowance agreed with the Revenue: N1,260,000.
  • Trustee remuneration per trust deed:
    • Fixed – N25,000 per annum
    • Variable – 2% of computed income
  • Provision made for payment of N150,000 as discretionary payments to each child.
  • 60% of distributable income is shared between Yahaya and Binta in the ratio 55:45, respectively.

Required:
Compute the income of the trust assessable to tax in the hands of the trustee. (12 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "TAX – May 2024 – L2 – SA – Q3 – Taxation of Non-Residents"

TAX – May 2024 – L2 – SA – Q2 – Companies Income Tax (CIT)

Calculate assessable profits and tax liabilities for Adidas Nigeria Limited following an accounting date change.

Adidas Nigeria Limited has been in business for so many years. The company is into supply of furniture, fixtures and fittings. Since the date of commencement of business to the accounting year ended October 31, 2018, it had posted reasonable profits. In year 2019, a competitor, ABC Limited, was able to introduce a new brand of furniture into the market, which boosted the sales of the company. Unfortunately, this had an adverse effect on the gross turnover of Adidas Nigeria Limited. Despite concerted efforts made by Adidas Nigeria Limited to compete favourably with ABC Limited, its fortunes continued to dwindle.
To allow for capital injection, the directors of Adidas Nigeria Limited, decided on February 1, 2020, to change its accounting date to be in line with one of its foreign partners. The board, therefore, decided that the accounting year-end be changed to December 31, every year

The following additional information is provided:

  1. Adjusted Profits:
    • Year ended October 31, 2019: N24,500,000
    • 14-month period ended December 31, 2020: N38,200,000
    • Year ended December 31, 2021: N44,100,000
  2. Gross Turnover:
    • Year ended October 31, 2019: N49,100,200
    • Period ended December 31, 2020: N75,200,500
    • Year ended December 31, 2021: N101,300,000
  3. Capital Allowances:
    • Assessment year 2020: N850,000
    • Assessment year 2021: N720,000
    • Assessment year 2022: N600,000

Required:
For the relevant assessment years,
a. Compute the assessable profits. (14 Marks)
b. Compute the company’s income tax liabilities. Ignore minimum tax computation. (6 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "TAX – May 2024 – L2 – SA – Q2 – Companies Income Tax (CIT)"

TAX – May 2024 – L2 – SA – Q1 – Personal Income Tax (PIT)

Determine Mr. Ola Alao’s chargeable income and tax payable with respect to benefits and allowances.

Mr. Ola Alao works as the manager of XYZ Limited located at Ikeja, Lagos. He provided the following income details for the 2021 assessment year:

  1. Gross monthly income: N204,000
  2. Bonuses:
    • May 29, 2021: N92,000
    • September 24, 2021: N162,000
  3. Workshop allowance (10 days at N45,000 per day)
  4. Luncheon vouchers: N120,000 (non-assignable)
  5. Official vehicle (N8,000,000, exclusive use)
  6. Night guard: N480,000, and domestic staff: N360,000 (both fully paid by the company)
  7. Transfer allowance: N2,000,000 (for relocation to Port-Harcourt office on November 1, 2021)
  8. Rented apartment paid by the company: N600,000 per annum
  9. Pension contribution: 8% of salary, life insurance premium: N20,000/month
  10. National health insurance and housing fund contributions: N35,000 and N40,000 monthly

Required:
a. For the 2021 assessment year,
i. Identify the relevant tax authority of Mr. Ola Alao. (2 Marks)
ii. Compute the chargeable income of Mr. Alao. (19 Marks)
iii. Compute the income tax payable by Mr. Alao. (5 Marks)
b. Differentiate between a contract of employment and contract for employment. (4 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "TAX – May 2024 – L2 – SA – Q1 – Personal Income Tax (PIT)"

CSME – May 2024 – L2 – SC – Q7 – Risk Management and Corporate Strategy

Discuss the inherent risks that affect the profitability of an insurance company operating internationally.

At an in-house seminar for the top management staff of your organization, you have been appointed to present a report on the significant risks that have negatively affected the profitability of the two lines of business as presented in the Annual Report and Accounts of an insurance company with branches both within and outside Nigeria.

Required:

Present a report to the Management as a consultant, detailing the ‘risks inherent in an insurance company’.

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "CSME – May 2024 – L2 – SC – Q7 – Risk Management and Corporate Strategy"

CSME – May 2024 – L2 – SC – Q6 – Corporate Culture and Strategy

Discuss Edgar Schein’s view on corporate culture and outline his three levels of culture.

The cultural web within an organisation shapes its corporate ethics. Edgar Schein believed that organisations take time to develop a culture as employees go through various changes, adapt to the external environment, and solve organisational problems.

Required:

a. Present Edgar Schein’s view about corporate culture. (6 Marks)

b. Identify and explain succinctly Edgar Schein’s THREE levels of culture. (9 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "CSME – May 2024 – L2 – SC – Q6 – Corporate Culture and Strategy"

CSME – May 2024 – L2 – SC – Q5 – Strategic Communication

Examine the significance of soft skills and key competencies in today’s job market.

The Governing Council of Zeebeedee University reviewed the school’s curriculum with a view to making the acquisition of “Soft Skills” a prerequisite for graduation. This was in response to feedback from various employers of their alumni globally, highlighting graduates’ weaknesses in this area.

Required:

a. Identify EIGHT importance of soft skills in the current global job market.
(12 Marks)

b. Highlight SIX of the top “soft skills” relevant to any employment.
(3 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "CSME – May 2024 – L2 – SC – Q5 – Strategic Communication"

CSME – May 2024 – L2 – SA – Q4 – Ethical Issues in Corporate Governance

Assess ethical considerations in addressing a workplace theft scenario

You work at a company that produces table water and you know that a colleague, in connivance with one of the company’s drivers, steals packs of water from the store and sells them to customers. You are unsure whether to ignore the ongoing theft or report it to your boss.

Required:

a. Identify the technical term for your current situation in the scenario and briefly explain the term. (3 Marks)

b. Explain the consequential and non-consequential theories of ethics and specify how these can be applied in decision-making within the context of the presented scenario. (6 Marks)

c. What is the technical term for the decision to inform your boss about the theft, and what considerations should you take before making this decision based on the underlying theory? (11 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "CSME – May 2024 – L2 – SA – Q4 – Ethical Issues in Corporate Governance"

CSME – May 2024 – L2 – SA – Q3 – Corporate Governance

Examines corporate governance challenges related to ownership and control separation.

ZAAN Pharmaceuticals, a public limited liability company, is currently experiencing a severe crisis between its shareholders and the Board of Directors concerning the management of the company.

Required:

a. Explain how the separation of ownership from the control of a company can create problems.
(2 Marks)

b. Discuss TWO circumstances in which problems may arise with corporate governance.
(2 Marks)

c. What constitutes weak or poor corporate governance?
(2 Marks)

d. Discuss the key issues covered by codes of corporate governance.
(14 Marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Report an error

You're reporting an error for "CSME – May 2024 – L2 – SA – Q3 – Corporate Governance"

Oops!

This feature is only available in selected plans.

Click on the login button below to login if you’re already subscribed to a plan or click on the upgrade button below to upgrade your current plan.

If you’re not subscribed to a plan, click on the button below to choose a plan