FACULTY/COLLEGE College of Business and Economics

SCHOOL School of Economics

DEPARTMENT Acountancy
CAMPUS(ES) APK
MODULE NAME Governance and Citizenship
MODULE CODE GOV2AB0
SEMESTER First
ASSESSMENT OPPORTUNITY, Mock Exam
MONTH AND YEAR

ASSESSMENT DATE 1 June 2022 SESSION Self assess

ASSESSOR(S) Miss Rachelle Douglas and Ms M Marchbank
DURATION 2 hours and 30 TOTAL MARKS 100
mins

NUMBER OF PAGES OF REQUIRED (Including cover page) 3

INFORMATION/INSTRUCTIONS:
___________________________________________________________________________
• This is a closed-book assessment.
• Read the questions carefully and answer only what is required.
• Number your answers clearly and correctly as per the question paper.
• Write neatly and legibly on both sides of the paper in the answer book, starting on the
first page.
• Make sure that you work your reading time and writing time out so that you do not over
use your time.
• You must upload your attempt by no later than the 14th June 2022, only students who have
uploaded their attempt will get the suggested solution to work though.
_________________________________________________________________________

1
QUESTION 1 100 MARKS

YOU ARE REQUIRED TO: MARKS

a. With reference to the scenario on Page 2 of the scenario (19)

document, discuss how you would apply the RIMS strategy to
resolve the ethical dilemma.
Presentation: (1)
TOTAL: (20)
b. Discuss the theories that deal with “Economic Justice under (6)
Capitalism”

c. With reference to the information of Zooty Frooty on Page 6:

Provide suggestions for the improvement of the company’s
corporate governance practices according to King IV.
Please complete your answer in the tabular format as indicated
below:

Concerns Recommended Practices

(29)

Table format: (1)

TOTAL: (30)

d. With reference to Sensor (Pty) Ltd on page 8:

i. Explain and justify if you agree with the statement made
by James Tensor that Sensor (Pty) Ltd does not need to
be audited. (7)
ii. Discuss whether the information that was brought to the
attention of Sahra via the anonymous email would
constitute a Reportable Irregularity in terms of the
Companies Act. (7)
iii. Assume that the company does need to be audited, do
you agree with the statement made by James regarding
not giving the auditors access to any information? You
must justify your answer. (2)
i. List the section in terms of the Companies Act that holds (2)
a director accountable for his/ her actions
ii. List the section in terms of the Companies Act that (2)
discusses reckless trading
TOTAL: (18)

e. With reference to Data Analytics (Pty) Ltd on Page 9:

i. Identify the Data Subject and state why (2)
ii. Identify the Responsible Party and state why (2)
iii. Identify and explain any concerns you might have relating
to the POPI act.

Your answer should be in the following format:

2
 Issue Explanation (4)
(1)
Table Format: (9)
TOTAL:

i. With reference to Regent SA Ltd on Page 10:

i. Identify and explain the ethical issue that is evident. (4)
ii. What should the entity rather have done? Motivate your (3)
answer
iii. Is this a legal issue? Justify your answer. (2)
iv. Can an issue be illegal but ethical? And if so provide an (3)
example of where an issue is ethical but illegal (12)
TOTAL:
LOGIC AND LAYOUT (1)
TOTAL MARKS FOR QUESTION 1 (96)
OVERALL PRECISION AND INTERPRETATION MARKS (4)
TOTAL FOR EXAM (100)