题目内容（请给出正确答案）

[主观题]

The partner responsible for this review engagement has asked you to tell him what level of

assurance you believe YHT & Co should provide, and also what type of opinion the firm should give. What is the level of assurance and type of opinion that can be provided on this review engagement？

A、Level of assurance Report wording resonable Positive

B、Level of assurance Report wording resonable Negative

C、Level of assurance Report wording Limited Positive

D、Level of assurance Report wording Limited Negative

提问人：网友vpoint 发布时间：2022-01-07

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更多“The partner responsible for th…”相关的问题

第1题

When goods are received, the goods inwards department immediately raises a two-part pre-numbered Goods Received Note (GRN). • Part one is sent to the ordering department, which then forwards the GRN to the accounts department • Part two is filed in order of the reference number for the goods being ordered (obtained from the supplier's goods despatched documentation), in the goods inwards department. Which of the following statements are valid recommendations with regards to improving the internal controls described? (1) The ordering department should match orders to GRNs and mark orders as closed once all goods have been received, to enable any outstanding orders to be chased up. (2) The first copy of the GRN should be sent directly to the accounts department, without first going through the ordering department, to prevent delays in recording the purchase. (3) The goods inwards department should review the goods for their condition, in order to identify and return any damaged goods. (4) GRNs should be filed in date order or by purchase order number, instead of by the supplier’s reference number, to ensure that they can be matched easily to orders.

A、1 and 3

B、1, 2 and 3

C、1, 2 and 4

D、1, 3 and 4

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第2题

The audit partner has told you that the independence threats arising from YHT & Co performing the review engagement should be monitored carefully. Which of the following is likely to cause the audit partner most concern?

A、According to the ACCA Code of Ethics, YHT & Co is prohibited from providing other assurance services to an audit client.

B、The review engagement is likely to give rise to a self-review threat, as the outcomes of the review could form the basis of the financial statements which the audit team will audit.

C、The lucrative nature of the review engagement may make the external audit team less inclined to require management to make adjustments or to issue a modified audit opinion, for fear of losing the review engagement.

D、If the new review engagement causes YHT & Co’s fee income from BJM to exceed 15% of the firm’s total fees, the ACCA Code of Ethics states that the new engagement must be turned down

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第3题

KLE Co The following scenario relates to questions 16 – 20. You are an audit manager in the internal audit department of KLE Co, a listed retail company. The internal audit department is auditing the company's procurement system. KLE’s ordering department consists of six members of staff: one chief buyer and five purchasing clerks. All orders are raised on pre-numbered purchase requisition forms, and are sent to the ordering department. In the ordering department, each requisition form is approved and signed by the chief buyer. A purchasing clerk transfers the order information onto an order form and identifies the appropriate supplier for the goods. Part one of the two part order form is sent to the supplier and part two to the accounts department. The requisition is thrown away. Which of the following is NOT a likely effect of the deficiencies in the internal control system described?

A、Purchases may be made unnecessarily at unauthorised prices

B、Subsequent queries on orders cannot be traced back to the original requisition

C、The order forms may contain errors that are not identified

D、Goods could be ordered twice in error or deliberately

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第4题

As part of your audit of the procurement system, you have recommended that the goods inwards department should ensure that the goods received are valid business purchases, by matching all deliveries to an authorised order form before issuing a GRN. Which of the following would be an appropriate test of control to confirm that the control is operating effectively?

A、For a sample of orders, check that there is a matching goods received note

B、Check that the numerical sequence of purchase orders is complete

C、For a sample of goods received notes check that there is an authorised purchase order

D、Check that the numerical sequence of goods received notes is complete

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第5题

KLE Co’s management is keen to increase the range of assignments that the company’s internal audit undertake. Which of the following assignments could the internal audit department be asked to perform by management?

A、Undertake 'mystery shopper' reviews, where they enter the store as a customer, purchase goods and rate the overall shopping experience

B、Assist the external auditors by requesting bank confirmation letters

C、Provide advice on the implementation of a new payroll package for the payroll department

D、Review the company’s financial statements on behalf of the board.

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第6题

KLE Co’s management is concerned that a number of inefficiencies in the procurement system may be having a negative financial impact on the company. As a result, they have requested the internal audit department to carry out a Value for Money audit focused on the company’s procurement practices. Which of the following best summarises the meaning of 'efficiency' in the context of a Value for Money audit?

A、The lowest cost at which the appropriate quantity and quality of physical, human and financial resources can be achieved

B、Producing the required goods and services in the shortest time possible

C、The extent to which an activity is achieving its policy objectives

D、The relationship between goods and services produced and the resources used to produce them

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第7题

Cherry The following scenario relates to questions 21–25 Cherry Blossom Co (Cherry) manufactures custom made furniture and its year end is 30 April. You are the audit supervisor of Poplar & Co and are developing the audit programmes for Cherry’s forthcoming interim audit. As part of audit planning, the audit team needs to obtain and understanding of the company’s system of internal control. Peter, the audit junior, is unsure what a company’s internal control comprises. Which of the following is NOT a component of an entity’s internal control?

A、The control environment

B、Control activities relevant to the audit

C、The selection and application of accounting policies

D、The information system relevant to financial reporting

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第8题

Cherry purchases its raw materials from a wide range of approved suppliers. When production supervisors require raw materials, they complete a requisition form and this is submitted to the purchase ordering department. Requisition forms do not require authorisation and no reference is made to the current inventory levels of the materials being requested. Which of the following are the most likely consequences of the internal control deficiency described here? (1) Fraudulent purchases may be made, leading to funds being diverted to third parties for illegal purposes. (2) Stock-outs may occur, resulting in the company being unable to meet orders and lost revenue. (3) Unnecessary purchases may be made, resulting in excess obsolescent raw materials accumulating in inventory requiring to be written down. (4) Raw materials of poor quality may be purchased, resulting in low-quality products being produced, customer goodwill being lost and going concern risks.

A、1 and 3

B、2 and 3

C、1 and 4

D、2 and 4

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