Question

Select the most appropriate alternative to complete the following sentence: A director who acts in a leadership position and abuses their position to gain an advantage for themselves would, according to the King IV Code of Corporate Governance, be an example of a person who lacks ... 1 integrity 2 competence 3 responsibility, 4 accountability To obtain a better understanding of internal control. literature asserts that internal control consists of five main components. Select the alternative that would not be regarded as one of the main components of internal control 6. 1 setting of a control-conscious environment 2 continuous assessment of an entity's risks and dealing with the risks 3 accepting that internal control is not fool proof and that errors can occur 4 establishing an information system and business processes to produce reliable and timeous financial information Select the true statement with regard to internal auditors Internal auditors must first qualify as a CA(SA) before they can be registered with the Institute of Internal Auditors in South Africa The key objective of internal auditors is to compile annual financial statements The Chief Audit Executive operates on the same level as that of executive management The professional conduct requirements for internal auditors are set at a significant lower level than what would be applicable to external auditors
Please help me with Question 5,6,7,8 and 9

Answer 1

answer 5- option 1-internal auditors must first qualify as a CA(SA) before they can be registered with the institute of internal auditors in South Africa

answer :6 - option -3- internal auditors reports to management not to the shareholders

answer :7 - 2nd option - reasonable assurance

answer : 8- 4th option -completeness

answer :9 - 2nd option - classification