Accounting Grade 12 November 2020 Question Papers and Memos Paper 1, and Paper 2: Afrikaans and English pdf downloads:

List of Accounting Grade 12 November 2020 Question Papers and Memos Paper 1, and Paper 2

Accounting Grade 12 2021 exam papers and memorandum pdf download.

Accounting Grade 12 2021 exam papers and memos:

April 2021:

June 2021:

Paper 1:

Paper 2:

Grade 12 Internal auditor’s report on procedures and internal controls in a public company (Guide): Task A Answer Guide

You have been appointed as the internal auditor of Exotic Clothing Ltd, a new public company which is about to be established. All stock will be bought on credit. They will sell for cash and they will allow customers to buy on credit. It is expected that there will be approximately 1 000 shareholders. The CEO has asked you to prepare a report on certain procedures that should be put in place in the company.

The company currently has four employees in the Accounting department. The CEO is thinking of appointing Tom to manage fixed assets, Maisy to control trading stock, Bheki to control debtors (accounts receivable) and Shamila to control cash resources.

Your report should include the following

1. Procedures to establish the company
2. The records that should be kept on each shareholder, together with the reasons why these are necessary
3. The procedures that should be put in place to ensure that good internal control is exercised over:
   • Fixed assets
   • Trading stock
   • Accounts receivable (debtors)
   • Cash collected