掃碼下載APP
及時接收考試資訊及
備考信息
正保會計網校ACCA真金題,如有疑問可以到所報課程的答疑板與專家進行交流,24小時之內即可得到滿意答復。歡迎大家積極參與!
The following scenario relates to questions 11–15
Viola Co is a manufacturer of shoes. You are an audit manager with Cello & Co and you are performing an overall review of the financial statements for the year ended 30 September 20X8 prior to the issue of the auditor’s report. Profit before tax for the year was $131·4m (20X7: $120·9m).
Analytical procedures
As part of your overall review, you have performed analytical procedures over the draft financial statements and have noted
that the trade receivables collection period is lower than it was during the interim audit performed in July 20X8. You are aware that the credit controller of Viola Co left the company in August 20X8 and that the directors have said that, as a result, the company is experiencing difficulties in debt collection.
Disclosures
During the year, Viola Co revalued its head office and as part of your review, you are considering the detail which is disclosed in the property, plant and equipment note in the draft financial statements.
Uncorrected misstatements
Your review also includes an assessment of uncorrected misstatements. These have been recorded by the audit team as
follows:
$’000 | |
(1) Interest payable omitted in error | 1,942 |
(2) Additional allowance for receivables required | 9,198 |
(3) Error in sales invoice processing resulting in understatement of sales | 8,541 |
(4) Write off in respect of faulty goods | 2,900 |
Faulty goods
The adjustment for faulty goods listed as an uncorrected misstatement above relates to an entire batch of shoes, which was produced on 12 September 20X8. The audit work concluded that the cost of this inventory exceeded its net realisable value
by $2·9m. The directors dispute the audit team’s figures and believe that the realisable value of the inventory still exceeds its cost.
11 Which of the following would form part of the auditor’s overall review of the financial statements?
(1) Establishing whether the pre-conditions for an audit are present
(2) Assessing whether the information and explanations obtained during the audit are adequately reflected
(3) Performing a detailed review of the audit working papers to ensure the work has been properly performed
(4) Reviewing the adequacy of the disclosure of accounting policies
A 1 and 2
B 3 and 4
C 1 and 3
D 2 and 4
12 Which of the following is a valid explanation for the INCONSISTENCY between the results of the analytical procedures on trade receivables and the directors’ statement regarding debt collection problems?
A A change in sales mix towards high value products
B An increase in the proportion of cash sales since August 20X8
C An increase in the rate of sales tax in September 20X8
D Sales growth of 1% per month over the year
13 Which of the following details should be disclosed in respect of the revaluation of the head office if the auditor is to conclude that the disclosures are adequate?
(1) Effective date of the revaluation
(2) Name of the valuer
(3) The amount of the revaluation increase
(4) Carrying amount of the head office under the cost model
A 1, 2 and 3 only
B 1, 3 and 4 only
C 2, 3 and 4 only
D 1, 2, 3 and 4
14 Which of the uncorrected misstatements numbered (1), (2) and (3) by the audit team MUST be adjusted for if the auditor is to issue an unmodified audit opinion?
A Misstatements 2 and 3 only
B Misstatements 1 and 3 only
C Misstatements 1, 2 and 3
D Misstatement 2 only
15 All adjustments required by the auditors have been made to the financial statements with the exception of adjustment (4) relating to the faulty goods.
Which of the following correctly describes the effect of this matter on the auditor’s report?
A Unmodified opinion with no further disclosure
B Unmodified opinion with disclosure in an emphasis of matter paragraph
C Qualified opinion due to material misstatement
D Qualified opinion due to inability to obtain sufficient appropriate audit evidence
為了幫助備考ACCA考試的小伙伴們高效學習,正保會計網校為大家提供諸多班次以及專業師資,幫助大家盡早拿下ACCA:
上一篇:ACCA—AAA真金題
下一篇:ACCA—FM 真金題
Copyright © 2000 - m.electedteal.com All Rights Reserved. 北京正保會計科技有限公司 版權所有
京B2-20200959 京ICP備20012371號-7 出版物經營許可證 京公網安備 11010802044457號
套餐D大額券
¥
去使用 主站蜘蛛池模板: 日韩欧美电影在线观看 | 欧美午夜一区二区 | 亚洲第一天堂无码专区 | 热久久国产 | 国产白浆在线 | 国产在线精品一区 | 在线看91| 久久69国产一区二区蜜臀 | 青青视频一区二区 | 在线理论视频 | wwww.国产| 国产精品高清一区二区 | 国产一区二区三区四 | 青青草av| 黄色毛片免费看 | 国产v亚洲v天堂无码 | 中文字幕在线观看一区二区三区 | 一区二区三区高清不卡 | 岛国视频在线 | 中文字幕一区二区三区四区不卡 | 成视频年人免费看黄网站 | 国内在线视频 | 国产日韩在线播放 | 国产午夜视频在线观看 | 91精品国产综合久久福利 | 免费的色网站 | 亚洲一区在线免费 | 麻豆视频在线观看免费网站黄 | 最近最新2019免费中文视频 | 在线一区二区视频 | 一个人看的www日本高清视频 | 日韩亚洲欧美综合 | 综合中文字幕 | 欧美激情视频一区二区三区不卡 | 亚洲国产一区二区在线 | 国产一区二区精品免费 | 国产一区二区三区麻豆 | av网在线观看 | 日韩电影网站 | 九九视频网站 | 欧美日韩国产一区二区三区 |