超星ACCA AA审计与鉴证服务_1课后答案(学习通2023完整答案)
75 min read超星ACCA AA审计与鉴证服务_1课后答案(学习通2023完整答案)
1.4-2 Types of assurance services随堂测验
1、超星The审计 Board of BJM Co has asked your audit firm (YHT & Co) to conduct a review of BJM‘s compliance with hygiene regulations. The partner responsible for the 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 Reasonable Positive
B、鉴证Level of assurance Report wording Reasonable Negative
C、服务Level of assurance Report wording Limited Positive
D、课后Level of assurance Report wording Limited Negative
Chapter 2 Statutory audit and regulation
2.3 Regulation of auditors随堂测验
1、答案The学习 ACCA has its own monitoring unit which inspects registered auditors on a regular basis.
2、A person does not have to satisfy membership criteria to become a member of an RSB.
Chapter 3 Corporate governance
3.3 Communication with those charged with governance随堂测验
1、通完The整答 OECD principles strongly recommend:
A、An annual audit
B、超星Internal audit
C、审计Directors should not receive pay
D、鉴证Directors should be non-executive
2、服务When a company cannot easily find non-executive directors it should not have an audit committee
Chapter 4 Professional ethics and quality control procedures
4.1 Professional ethics随堂测验
1、课后ACCA’s Code of ethics and conduct applies only to statutory audits.
4.3 -1 Threats and Safeguard随堂测验
1、答案You are an audit manager of Buffon & Co, and you have just been assigned the audit of Maldini Co (Maldini). The audit engagement partner who is responsible for the audit of Maldini, a listed company, has been in place for approximately eight years and her son has just been offered a role with Maldini as a sales manager. This role would entitle him to shares in Maldini as part of his remuneration package. Maldini’s board of directors is considering establishing an internal audit function, and the finance director has asked Buffon & Co about the differences in the role of internal audit and external audit. If the internal audit function is established, the directors have suggested that they may wish to outsource this to Buffon & Co. The finance director has suggested to the board that if Buffon & Co is appointed as internal as well as external auditors, then fees should be renegotiated with at least 20% of all internal and external audit fees being based on the profit after tax of the company as this will align the interests of Buffon & Co and Maldini. 1. From a review of the information above, your audit assistant has highlighted some of the potential risks to independence in respect of the audit of Maldini. (1) Audit partner has been in the position for eight years (2) Maldini has asked for advice regarding role of internal audit (3) Maldini has asked Buffon & Co to carry out internal audit work (4) Fees will be based on 20% of profit after tax Which of the following options correctly identifies the valid threats to independence and allocates the threat to the appropriate category?
A、Self-interest Self-review Familiarity 1 only 2 and 3 4 only
B、Self-interest Self-review Familiarity 1 only 2 only 4 only
C、Self-interest Self-review Familiarity 2 only 3 and 4 1 only
D、Self-interest Self-review Familiarity 4 only 3 only 1 only
4.3 - 2 Threats and Safeguard随堂测验
1、2 . In relation to the audit engagement partner holding the role for eight years and her son's offer of employment with Maldini. Which of the following safeguards should be implemented in order to comply with ACCA’s Code of Ethics and Conduct?
A、The audit partner should be removed from the audit team
B、An independent review partner should be appointed
C、The audit partner should be removed if her son accepts the position
D、Buffon & Co should resign from the audit
2、3 . In line with ACCA’s Code of Ethics and Conduct, which of the following factors must be considered before the internal audit engagement should be accepted? (1) Whether the external audit team have the expertise to carry out the internal audit work (2) If the assignments will relate to the internal controls over financial reporting (3) If management will accept responsibility for implementing appropriate recommendations (4) The probable timescale for the outsourcing of the internal audit function
A、1, 2 and 3
B、2 and 3 only
C、1 and 4 only
D、1, 3 and 4
4.6 Agreeing terms of the engagement随堂测验
1、An engagement letter is only ever sent to a client before the first audit
Chapter 5 Internal audit
5.2 Key roles of internal audit随堂测验
1、There are formal statutory rules governing the format of internal audit reports.
5.3 Internal audit assignments随堂测验
1、Fellaini Co. operates a large department store and has a large internal audit department in place. The management of Fellaini Co. are keen to increase the range of assignments that internal audit undertake. Which of the following assignments could the internal audit department of Fellaini Co. is asked to perform by management?
A、Internal audit department members could undertake “mystery shopper reviews”, where they enter the store as a customer, purchase goods and rate the overall shopping experience.
B、Internal audit could be asked to assist the external auditors by requesting bank confirmation letters.
C、Internal audit could be asked to implement a new payroll package for the payroll department.
D、Internal audit could be asked to assist the finance department with the preparation of the year- end financial statements.
5.4 Internal audit reports and outsourcing随堂测验
1、It is possible to buy in an internal audit service from an external organization.
Chapter 6 Risk assessment
6.5 Risk assessment随堂测验
1、The audit team is required to discuss the susceptibility of the FS to material misstatements.
6.6 Responding to the risk随堂测验
1、If control risk and inherent risk are assessed as sufficiently low, substantive procedures can be abandoned completely.
6.7 Fraud,law and regulations随堂测验
1、Auditor have a duty to detect fraud.
Chapter 7 Audit planning and documentation
7.4 Audit documentation随堂测验
1、Changes to the overall audit strategy or audit plan do not need to be documented.
Chapter 8 Introduction to audit evidence
8.3 Procedures for obtaining evidence随堂测验
1、Balotelli Beach Hotel Co (Balotelli) operates a number of hotels providing accommodation, leisure facilities and restaurants. You are an audit senior of Mario & Co and are currently conducting the audit of Balotelli for the year ended 31 December 20X4. During the course of the audit a number of events and issues have been brought to your attention: Food poisoning Balotelli's directors received correspondence in November 20X4 from a group of customers who attended a wedding at one of the company's hotels. They have alleged that they suffered severe food poisoning from food eaten at the hotel and are claiming substantial damages. Management has stated that based on discussions with their lawyers, the claim is unlikely to be successful. Required In relation to the claim regarding the alleged food poisoning, which of the following audit procedures would provide the auditor with the MOST reliable audit evidence regarding the likely outcome of the litigation?
A、Request a written representation from management supporting their assertion that the claim will not be successful
B、Send an enquiry letter to the lawyers of Balotelli to obtain their view as to the probability of the claim being successful
C、Review the correspondence from the customers claiming food poisoning to assess whether Balotelli has a present obligation as a result of a past event
D、Review board minutes to understand why the directors believe that the claim will not be successful
Chapter 9 Internal control
9.1 Internal control systems随堂测验
1、ISA 315 Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment sets out the five components of internal control. Which of the following is NOT set out as a component of internal control within ISA 315?
A、Control environment
B、The information system relevant to financial reporting
C、Human resource policies and practices
D、Control activities
9.2 The use of internal control systems by auditors随堂测验
1、After the controls have been assessed, the audit plan may be modified.
9.3 The evaluation of internal control components随堂测验
1、Which of the following is not a test of control？
A、Inspection of documents
B、Reperformance of control procedures
C、Observation of controls
D、verification of value to invoice
9.4 Internal controls in a computerised environment随堂测验
1、Application controls are manual or automated procedures that operate over accounting applications to ensure that all transactions are complete and accurate. Which TWO of the following are application controls? 1 Password protection of programs 2 Batch controls 3 One for one checking 4 Regular back up of programs
A、1 and 4
B、3 and 4
C、1 and 2
D、2 and 3
Chapter 10 Audit procedures and sampling
10.3 Audit sampling随堂测验
1、Which of the following sampling methods correctly describes systematic sampling?
A、A sampling method which is a type of value-weighted selection in which sample size, selection and evaluation results in a conclusion in monetary amounts.
B、A sampling method which involves having a constant sampling interval, the starting point for testing is determined randomly.
C、A sampling method in which the auditor selects a block(s) of contiguous items from within the population.
D、Testing items with a certain characteristic.
10.4 Computer-assisted audit techniques随堂测验
1、To help improve audit efficiency, Viola & Co is considering introducing the use of computer assisted audit techniques (CAATS) for some audits. You have been asked to consider how CAATs could be used during the audit of Poppy Co. Which of the following is an example of using test data for trade payables testing?
A、Selecting a sample of supplier balances for testing, using monetary unit sampling
B、Recalculating the ageing of trade payables to identify balances which may be in dispute
C、Calculation of trade payables days to use in analytical procedures
D、Inputting dummy purchase invoices into the client system to see if they are processed correctly
10.5 Using the work of others随堂测验
1、If the auditor relies on the work of an auditor’s expert or service organization, they may refer to that individual or organization in the auditor’s report and share responsibility with them.
Chapter 11 Audit review and finalisation
11.1 Subsequent events随堂测验
1、Cannavaro.com is a website design company whose year-end was 31 December 20X4. The audit is almost complete and the financial statements are due to be signed shortly. Profit before tax for the year is $3.8 million and revenue is $11.2 million. The company has only required an audit for the last two years and the board of directors has asked your firm to provide more detail in relation to the form and content of the auditor’s report. During the audit it has come to light that a key customer, Pirlo Co, with a receivables balance at the year-end of $285,000, has just notified Cannavaro.com that they are experiencing cash flow difficulties and so are unable to make any payments for the foreseeable future. The finance director has notified the audit team that he will write this balance off as an irrecoverable debt in the 20X5 financial statements. The audit assistant assigned to the audit of Cannavaro.com wants a better understanding of the effect subsequent events have on the audit and has made the following statements: (1) All material subsequent events require the numbers in the financial statements to be adjusted (2) A non-adjusting event is a subsequent event for which NO amendments to the current year financial statements are required (3) The auditor’s responsibilities for subsequent events which occur prior to the audit report being signed are different from their responsibilities after the audit report has been issued (4) The auditor should request a written representation confirming that all relevant subsequent events have been disclosed Which of the statements above in relation to subsequent events are true?
A、1 and 3
B、2, 3 and 4
C、1, 2 and 4
D、3 and 4
11.2 Going concern随堂测验
1、The auditor must satisfy themselves that the use of the going concern basis in FS is appropriate.
11.4 Overall review of financial statements随堂测验
1、Cannavaro.com is a website design company whose year-end was 31 December 20X4. The audit is almost complete and the financial statements are due to be signed shortly. Profit before tax for the year is $3.8 million and revenue is $11.2 million. The company has only required an audit for the last two years and the board of directors has asked your firm to provide more detail in relation to the form and content of the auditor's report. During the audit it has come to light that a key customer, Pirlo Co, with a receivables balance at the year-end of $285,000, has just notified Cannavaro.com that they are experiencing cash flow difficulties and so are unable to make any payments for the foreseeable future. The finance director has notified the audit team that he will write this balance off as an irrecoverable debt in the 20X5 financial statements. The audit engagement partner has asked you to make an initial assessment of the materiality of the issue with the outstanding receivables balance with Pirlo Co and to consider the overall impact on the financial statements. Which of the following correctly summarises the effect of the outstanding balance with Pirlo Co?
A、Material Financial statement impact No Revenue is overstated
B、Material Financial statement impact No Gross profit is understated
C、Material Financial statement impact Yes Profit is overstated
D、Material Financial statement impact Yes Going concern principle is in doubt
2、In evaluating whether the FS give a true and fair view, auditors shall assess the materiality of uncorrected misstatements.
Chapter 12 Reports
12.1 The auditor's report on financial statements随堂测验
1、The statement of management’s responsibilities is always included in the auditors’ report.
12.2 Unmodified opinions with additional communication随堂测验
1、The inclusion of an emphasis of matter paragraph in the auditor’s report does not affect the auditor’s opinion on the FS.
12.3 Modified audit opinions随堂测验
1、Cannavaro.com is a website design company whose year-end was 31 December 20X4. The audit is almost complete and the financial statements are due to be signed shortly. Profit before tax for the year is $3.8 million and revenue is $11.2 million. The company has only required an audit for the last two years and the board of directors has asked your firm to provide more detail in relation to the form and content of the auditor’s report. During the audit it has come to light that a key customer, Pirlo Co, with a receivables balance at the year-end of $285,000, has just notified Cannavaro.com that they are experiencing cash flow difficulties and so are unable to make any payments for the foreseeable future. The finance director has notified the audit team that he will write this balance off as an irrecoverable debt in the 20X5 financial statements. The finance director has asked you to outline the appropriate audit opinions which will be provided depending on whether the company decides to amend or not amend the 20X4 financial statements for the issue identified regarding the recoverability of the balance with Pirlo Co. Which of the following options correctly summarises the audit opinions which will be issued depending on whether or not the 20X4 financial statements are amended?
A、FS amended FS not amended Unmodified Unmodified with emphasis of matter
B、FS amended FS not amended Unmodified with emphasis of matter Qualified ‘except for’
C、FS amended FS not amended Unmodified Adverse
D、FS amended FS not amended Unmodified Qualified ‘except for’
学习通ACCA AA审计与鉴证服务
ACCA（Association of Chartered Certified Accountants）是全球最大的会计师公会，为会计、金融和管理领域的专业人士提供培训和认证服务。
其中ACCA AA（Audit and Assurance）是ACCA认证中的一项重要内容，涉及到企业的审计与鉴证服务。
什么是审计与鉴证服务？
审计是指审计师对企业的财务报表、财务状况、经营情况等进行审核，以确定其真实性、准确性和完整性，并发表审计意见的过程。
鉴证服务是指审计师对企业的财务信息进行评估、验证和证明的过程。
审计与鉴证服务是企业对外披露财务信息的重要手段，也是投资者和其他利益相关者了解企业财务状况的重要途径。
ACCA AA考试内容
ACCA AA考试共分为两部分：Audit和Assurance。
Audit
Audit主要涉及到审计过程中的各种技术和规范，包括：
- 审计理论和实践
- 审计流程和程序
- 审计风险评估和控制
- 内部控制
- 审计师责任和道德规范
Assurance
Assurance主要涉及到鉴证服务中的各种技术和规范，包括：
- 鉴证服务理论和实践
- 鉴证报告
- 鉴证程序和方法
- 鉴证风险评估和控制
- 鉴证师责任和道德规范
学习通ACCA AA课程
学习通是ACCA官方认可的在线学习平台，提供ACCA AA课程。
学习通ACCA AA课程包括：
- ACCA AA在线直播课程
- ACCA AA在线录播课程
- ACCA AA在线题库
- ACCA AA在线模拟考试
- ACCA AA在线学习计划
通过学习通ACCA AA课程，您可以：
- 了解ACCA AA知识体系和考试重点
- 掌握AA考试的核心技能和方法
- 提高AA考试的通过率和水平
- 获得ACCA AA证书，提升职业竞争力
总结
ACCA AA是企业审计与鉴证服务的重要内容，也是ACCA认证中的核心科目。通过学习通ACCA AA课程，您可以全面掌握AA知识体系和考试技能，提升职业竞争力。
学习通ACCA AA审计与鉴证服务
ACCA（Association of Chartered Certified Accountants）是全球最大的会计师公会，为会计、金融和管理领域的专业人士提供培训和认证服务。
其中ACCA AA（Audit and Assurance）是ACCA认证中的一项重要内容，涉及到企业的审计与鉴证服务。
什么是审计与鉴证服务？
审计是指审计师对企业的财务报表、财务状况、经营情况等进行审核，以确定其真实性、准确性和完整性，并发表审计意见的过程。
鉴证服务是指审计师对企业的财务信息进行评估、验证和证明的过程。
审计与鉴证服务是企业对外披露财务信息的重要手段，也是投资者和其他利益相关者了解企业财务状况的重要途径。
ACCA AA考试内容
ACCA AA考试共分为两部分：Audit和Assurance。
Audit
Audit主要涉及到审计过程中的各种技术和规范，包括：
- 审计理论和实践
- 审计流程和程序
- 审计风险评估和控制
- 内部控制
- 审计师责任和道德规范
Assurance
Assurance主要涉及到鉴证服务中的各种技术和规范，包括：
- 鉴证服务理论和实践
- 鉴证报告
- 鉴证程序和方法
- 鉴证风险评估和控制
- 鉴证师责任和道德规范
学习通ACCA AA课程
学习通是ACCA官方认可的在线学习平台，提供ACCA AA课程。
学习通ACCA AA课程包括：
- ACCA AA在线直播课程
- ACCA AA在线录播课程
- ACCA AA在线题库
- ACCA AA在线模拟考试
- ACCA AA在线学习计划
通过学习通ACCA AA课程，您可以：
- 了解ACCA AA知识体系和考试重点
- 掌握AA考试的核心技能和方法
- 提高AA考试的通过率和水平
- 获得ACCA AA证书，提升职业竞争力
总结
ACCA AA是企业审计与鉴证服务的重要内容，也是ACCA认证中的核心科目。通过学习通ACCA AA课程，您可以全面掌握AA知识体系和考试技能，提升职业竞争力。
