1/ A. For each of the following scenarios identify 3 ways Data Analytics could be used to provide additional information:

1. Scenario 1: University - student data
2. Scenario 2: Company - customer purchase data

B. Why does data analytics matter to accountants? HINT: Your answer should use at least three examples of ways in which data analytics can be used by accountants.

2/ a)Identify 2 IT risks from both General IT and Software Application (4 marks)

b)Design a control that will address each identified risk (4 marks)

c)Discuss 2 ways in which you may test each identified control to ensure they are effective (8 marks)

3/

1.'Corporate Governance is primarily focused on protecting the interests of shareholders'. Provide 2 examples of how the shareholders interest can be protected through corporate governance practices.

2.Explain the impact of the global financial crisis and recent corporate collapses on corporate governance practices.

3.Explain the term 'risk management'. Why is risk management such an important part of good corporate governance practice?

4.'Any corporate governance system is only as good as the people involved in it'. Discuss the potential impact of a poor culture on a corporate governance system.

5/ Jenny works as an accountant at a local firm. During a stocktake audit at one of the clients at year end, she uncovers a problem where boxes that were supposed to have contained inventory contained sand instead. Jenny brought the matter up with the Managing Director, Steven. Steven suggested to Jenny that if she kept quiet about the sand in the boxes, he would undertake to keep her firm as auditors for the next five years. He would dispose of the boxes of sand, and in the future the problem would not re-occur, and nobody would know any difference. "If I keep your firm for the next five years, you could sign off on the accounts, the boxes of sand would disappear, it would not happen again, and your firm will retain the audit fees for the next five years. Nobody else would need to know, and we would both be better off for it" stated Steven. 'Of course we could always hire another audit firm if you didn't agree'. Jenny is considering the offer.

Required

1. Use the issues listed in the 'ethical conflict resolution' section (sec 100.20) of the 2016 IFAC Code of Ethics to address the ethical dilemma.

2. Assuming that Jenny chose to reject the bribe of additional work for her firm. What may be her justification for doing so under the teleological perspective as opposed to the deontological perspective?

Answer rating: 100% (QA)

1 ScenarioBased Questions a Data Analytics in Different Scenarios Scenario 1 University student data 1 Predictive Analytics Use historical student data to predict dropout rates or identify students at ... View the full answer