单选题Which of the following is NOT an audit software technique?
单选题Which of the following is NOT an inherent limitation of internal control systems?
单选题Which TWO of the following controls of a sales system ensure that all goods despatched are completely and accurately invoiced?
(1) Good despatched notes are matched to sales invoices
(2) Sales invoices are sequentially numbered
(3) Sales invoices are matched to customer orders
(4) Regular review of unfulfilled orders
单选题Which of the following statements, relating to International Standards on Auditing (ISAs), if any, is/are correct?
(1) International Standards on Auditing (ISAs) are issued by the International Accounting Standards Board (IASB)and provide guidance on the performance and conduct of an audit
(2) In the event that ISAs differ from local legislation in a specific country, auditors must comply with the requirements of the ISAs
单选题Auditors are required to undertake an overall review of the financial statements as the final step before they form their audit opinion. As part of this process they undertake a number of procedures.
Which of the following procedures would an auditor NOT undertake as part of the overall review of the financial statements?
单选题Is the following statement true or false?
A significant change in the ownership of an existing audit client is a factor which makes it appropriate for the auditor to review the terms of engagement.
单选题Which of the following is NOT a responsibility of the auditor?
单选题Which of the following statements, relating to the auditor’s reporting responsibilities for going concern, if any,is/are correct?
(1) Where management is unwilling to make their assessment of the company’s ability to continue as a going concern, the auditor should include an emphasis of matter paragraph in the audit report
(2) Where the use of the going concern assumption is inappropriate, the auditor should include a qualified opinion in the audit report
单选题Which of the following statements, relating to the auditor’s responsibilities regarding subsequent events, if any,is/are correct?
(1) Auditors do not have a responsibility to perform procedures to identify subsequent events after the date of the auditor’s report
(2) Where a material adjusting subsequent event is identified after the financial statements are issued, but prior to approval by the shareholders, the auditor should include a qualified opinion in their audit report if management refuses to adjust the financial statements for the event
单选题Auditors have a professional duty of confidentiality under ACCA’s Code of Ethics and Conduct; voluntary disclosure of
information may be necessary in certain situations.
For which TWO of the following situations should an auditor make VOLUNTARY disclosure?
(1) If an auditor knows or suspects his client is engaged in money laundering
(2) Where disclosure is made to non-governmental bodies
(3) Where it is in the public interest to disclose
(4) If an auditor suspects his client has committed terrorist offences
单选题Which of the following is a substantive audit procedure for wages and salaries?
单选题Which of the following statements, if any, is/are correct?
(1) Internal auditors should report to the finance director as they understand internal controls and are best placed to implement any recommendations in a timely manner
(2) Companies are not required to establish and maintain an internal audit function
单选题Which of the following is NOT an advantage of a company outsourcing its internal audit function?
单选题The following scenario relates to questions 610
You are an audit manager at Blenkin Co and are approaching the end of the audit of Sampson Co, which is a large listed retailer
单选题Which of the following is a DISADVANTAGE of recording accounting and control systems using internal control questionnaires?
单选题Which TWO of the following statements regarding the use of analytical procedures during the PLANNING stage of the audit are correct?
(1) Analytical procedures are useful when forming an overall conclusion as to whether the financial statements are consistent with the auditor’s understanding of the company
(2) Analytical procedures can be used to obtain relevant and reliable audit evidence
(3) Analytical procedures can assist in identifying the risks of material misstatement
(4) Analytical procedures can assist in identifying unusual transactions and events
单选题Which of the following statements relating to internal and external auditors is correct?
单选题Is the following statement true or false?
Audit risk is a function of two components, inherent risk and control risk.
单选题The following scenario relates to questions 1115
Sycamore Co is the auditor of Fir Co, a listed computer software company
单选题ISA 580 Written Representations require auditors to obtain written representations to support other evidence.
For which of the following matters would a written representation NOT be suitable as audit evidence?