You are an audit senior of Beech & Co and have been allo..

第1题

Should you be interested in any of our products, please let us know and we will________you with a quotation.

A.offer

B.provide

C.sen

D.supply

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第2题

Should you be interested in any of our products, please let us know and we will________you with a quotation.

A.offer

B.provide

C.sen

D.supply

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第3题

听力原文：（Man)Do you think Ms. Dumont will receive an award this year？（Woman) （A) She sen

听力原文：(Man)Do you think Ms. Dumont will receive an award this year？

(Woman) (A) She sent the invitation to Ms. Dumont.

(B) I don't think I recognize him.

(C) Yes, she's been working so hard.

(37)

A．

B．

C．

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第4题

Did you get the financinl records（)shape for your audit next month？

A.into

B.in

C.from

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第5题

（b) Illustrate how you might use analytical procedures to provide audit evidence and reduc

(b) Illustrate how you might use analytical procedures to provide audit evidence and reduce the level of detailed

substantive procedures. (7 marks)

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第6题

（c) Describe the audit procedures you should perform. to determine the validity of the amo

(c) Describe the audit procedures you should perform. to determine the validity of the amortisation rate of five

years being applied to development costs in relation to Plummet. (5 marks)

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第7题

Did you get the financinl records（)shape for your audit next month？

A、into

B、in

C、from

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第8题

（c) Explain the extent to which you should plan to place reliance on analytical procedures

(c) Explain the extent to which you should plan to place reliance on analytical procedures as audit evidence.

(6 marks)

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第9题

（a) State the FIVE threats contained within ACCA’s Code of Ethics and Conduct and for each

(a) State the FIVE threats contained within ACCA’s Code of Ethics and Conduct and for each threat list ONE example of a circumstance that may create the threat. (5 marks)

(b) You are the audit manager of Jones & Co and you are planning the audit of LV Fones Co, which has been an audit client for four years and specialises in manufacturing luxury mobile phones.

During the planning stage of the audit you have obtained the following information. The employees of LV Fones Co are entitled to purchase mobile phones at a discount of 10%. The audit team has in previous years been offered the same level of staff discount.

During the year the fi nancial controller of LV Fones was ill and hence unable to work. The company had no spare staff able to fulfi l the role and hence a qualifi ed audit senior of Jones & Co was seconded to the client for three months. The audit partner has recommended that the audit senior work on the audit as he has good knowledge of the client. The fee income derived from LV Fones was boosted by this engagement and along with the audit and tax fee, now accounts for 16% of the fi rm’s total fees.

From a review of the correspondence fi les you note that the partner and the fi nance director have known each other socially for many years and in fact went on holiday together last summer with their families. As a result of this friendship the partner has not yet spoken to the client about the fee for last year’s audit, 20% of which is still outstanding.

Required:

(i) Explain the ethical threats which may affect the independence of Jones & Co’s audit of LV Fones Co; and (5 marks)

(ii) For each threat explain how it might be avoided. (5 marks)

(c) Describe the steps an audit fi rm should perform. prior to accepting a new audit engagement. (5 marks)

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第10题

（a) You are the manager responsible for the audit of Dylan Co, a listed company, and you a

(a) You are the manager responsible for the audit of Dylan Co, a listed company, and you are reviewing the working papers of the audit file for the year ended 30 September 2012. The audit senior has left a note for your attention:

‘Dylan Co outsources its entire payroll, invoicing and credit control functions to Hendrix Co. In August 2012, Hendrix Co suffered a computer virus attack on its operating system, resulting in the destruction of its accounting records, including those relating to Dylan Co. We have therefore been unable to perform. the planned audit procedures on payroll, revenue and receivables, all of which are material to the financial statements. Hendrix Co has manually reconstructed the relevant figures as far as possible, and has supplied a written statement to confirm that they are as accurate as possible, given the loss of accounting records.’

Required:

(i) Comment on the actions that should be taken by the auditor, and the implications for the auditor’s report; and (7 marks)

(ii) Discuss the quality control procedures that should be carried out by the audit firm prior to the audit report being issued. (3 marks)

(b) You are also responsible for the audit of Squire Co, a listed company, and you are completing the review of its interim financial statements for the six months ended 31 October 2012. Squire Co is a car manufacturer, and historically has offered a three-year warranty on cars sold. The financial statements for the year ended 30 April 2012 included a warranty provision of $1·5 million and recognised total assets of $27·5 million. You are aware that on 1 July 2012, due to cost cutting measures, Squire Co stopped offering warranties on cars sold. The interim financial statements for the six months ended 31 October 2012 do not recognise any warranty provision. Total assets are $30 million at 31 October 2012.

Required:

Assess the matters that should be considered in forming a conclusion on Squire Co’s interim financial statements, and the implications for the review report. (6 marks)

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第11题

From reading the prior year audit file you have ju...

From reading the prior year audit file you have just realised that Mason funded the original purchase of each aircraft with a secured loan carrying substantial interest charges. The loan is in the process of being renegotiated and the bank have indicated that finance costs will increase further. Furthermore, the directors have told you that Mason’s contract with the police force expires in March 20X4, at a time when the police are trying to substantially reduce the amount they pay in the wake of government cuts. It is thought that the contract will be put out to tender, and it is possible that another aircraft provider may also bid for the contract. From the above information, which is the MOST important audit risk that should be documented in the detailed audit plan？

A、Disclosure relating to the secured loan may be omitted from the financial statements

B、Mason’s going concern status may be at risk if the contract is not renewed

C、That interest charges may be understated

D、That the bank will rely on the audited financial statements when deciding whether to renew the loan

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You are an audit senior of Beech & Co and have been allocated to the audit of Willow W