ACCA考试P8模拟测试题及答案解析

　　1.Auditors are required to comply with the requirements of International Standards on Auditing in the conduct of an audit.

　　Which of the following statements is true in relation to International Standards on Auditing?

　　A. They only apply to the audit of companies listed on international stock exchanges.

　　B. They are issued by the International Accounting Standards Board.

　　C. They are structured to contain objectives, definitions, requirements, and other explanatory material.

　　D. They do not apply to the audit of small companies with a revenue of under $7.6m.

　　E. They are issued by the International Auditing and Assurance Standards Board.

　　2.ISA 260 Communication with those charged with governance sets out guidance for auditors on the communication of audit matters with those charged with governance. Which of the following shall be communicated to those charged with governance?

　　A. The audit plan

　　B. Written representations

　　C. Significant difficulties encountered during the audit

　　D. Calculation of materiality

　　3.An incoming auditor wishes to have access to the working papers of the outgoing auditor to satisfy himself as to the accuracy of the opening balances.

　　In these circumstances what rights does the incoming auditor have?

　　A. No statutory right of access but the ethical guide requires the outgoing auditor to make working papers available in circumstances where the audit opinion has been qualified.

　　B. No statutory right of access but the ethical guide requires the outgoing auditor to make the working papers available unless prevented by the process of the law.

　　C. A statutory right of access to the working papers of the previous auditor.

　　D. No statutory or ethical right to access but the outgoing auditor would be expected to afford the incoming auditor reasonable cooperation in this matter.

　　4.Which of the following best describes a 'value for money' audit?

　　A. The audit of the environmental, economic and sustainability policies and procedures of a company.

　　B. The audit of the treasury function within government departments.

　　C. The audit of payroll software in the private sector.

　　D. An audit of the economy, efficiency and effectiveness of a department, function or other business unit.

　　5.At the start of the interim audit of Jenna Co, a long-standing client, what should be the proper order of the following procedures in assessing the accounting systems and internal control?

　　- C - Tests of controls

　　- E - Evaluation of the operation of the system

　　- U - Updating the systems documentation

　　- S - Substantive procedures

　　A. C, S, E, U.

　　B. U, E, C, S.

　　C. C, E, S, U.

　　D. U, C, E, S.

　　答案及解析

　　1.【参考答案】CE

　　International Standards on Auditing apply to all audits where a 'true and fair' opinion is provided, regardless of the size of the audited entity and regardless of whether the company is listed.

　　The International Accounting Standards Board issues international accounting standards, not auditing standards.

　　2.【参考答案】BC

　　ISA 260 lists various issues that need to be communicated to those charged with governance. These include written representations requested and significant difficulties encountered during the audit. Although the auditor will discuss elements of the audit strategy and plan (which includes the application of the concept of materiality) with those charged with governance, care must be taken in order not to compromise the effectiveness of the audit.

　　3.【参考答案】D

　　There are generally not statutory requirements that stipulate that the previous auditor should give access to the incoming auditor.

　　The ethical guidance also does not stipulate that access should be given. In practice it is up to an individual firm as to its policy on giving access to its files.

　　4.【参考答案】D

　　An audit of the economy, efficiency and effectiveness of a department, function or other business unit (often in the public sector), is the best description of a value for money audit. Such audits are now commonly conducted in the public sector.

　　5.【参考答案】B

　　The correct order would be to start with updating the documentation on the accounting and control systems, having done this then a preliminary assessment would be made of the systems, to determine if the control environment was weak or strong.

　　If the assessment was that it was strong then the controls would be tested - tests of controls - and then if the controls were operating fine then the substantive procedures could be reduced.