f8習(xí)題sep 2021 to june 2022米粒兒寶典

真題必刷清 必做客觀 真題必刷清 必做客觀 PartAAuditframeworkand Chapter1Statutoryauditandother Chapter2Corporate Chapter3Internal Chapter5Acceptingaudit PartBPlanningandrisk Chapter6Auditstrategy,auditplanningand Chapter7Riskassessmentandresponsestoassessed PartCInternal Chapter8Internal PartDAudit Chapter10Substantive Chapter11Introductiontoaudit Chapter12Auditsampling,automatedtoolsandtechniquesandusingworkof PartEReviewand Chapter14Auditreviewand Chapter15 必考主觀 March/June2019 September201616 March/June2019 March/June2018 March/June2016 SpecimenExamSeptember2016 綜合題 Mar/ March/June2016 SpecimenExamSeptember2016 綜合題 Mar/Jul2020Scenario Substantive December2020Scenario 2021MarjunScenario Trade Mar/Jul2020Scenario September/December September/December Exceptionof Sep/Dec2019Scenario Additionand Mar/Jun2020-Scenario3 March/June2018 September/December Trade March/June2017 Payroll- March/June2017 BankMarch/June2017 Payroll- March/June2017 Bank 2020Scenario3 Mar/Jun2021Scenario 2020SepdecScenario3 Sep/Dec2017 Mar/Jun2020Scenario SpecimenExamDecember2014 Salestax March/June2019 Dec2020examScenario1-純文 2021JunScenario September/December SpecimenExamSeptember2016 September/December Mar/Jun2021Scenario Other Pre-dec21MockQ23 選考主觀 Subsequent December2014Q4December2014Q4 Non-adjusting March/June2019 September/December March/June2019 Ethical March/June2017 其他常考的主觀題及名詞解 ExplainwhyitisimportanttocommunicatethroughouttheauditwithTWCG?(2分 MatterstobecommunicatedtoTCWG(4分 Defineauditriskandcomponentsofauditrisk(4分 Preconditionsfortheaudit(3分 Issuesbeforeacceptingauditappointment(4分 Defineandexplainmaterialityandperformancemateriality（4分 Auditor’sresponsibilityinpreventionanddetectionof Interimandfinalaudit(3分 Fourmatterstodeterminewhetheradeficiencyininternalcontrolissignificant?(4分 ComponentsofInternalControl（5分 Purposeandcontentofengagement IdentifywhataKAMisandexplainhowtheauditordeterminesandcommunicatesKAM.(5分 Narrativenote,flowchartsand Benefitofassessmentriskofthe Therelationshipofstrategyand Explainthebenefitsofauditplanning(4分-任寫4點(diǎn) Stepsinundertakingapositivereceivablesconfirmation/circularization(4分 Usingtheworkof Usingtheworkofinternal Usingtheworkofserviceorganization(3分 Auditor’sresponsibilityofgoing Management’sresponsibilityofgoing Overall(Final)reviewofthefinancial 1/1/真題必刷清主觀題必刷真天2/循題視√Sep/Dec2019-Scenario真題必刷清主觀題必刷真天2/循題視√Sep/Dec2019-Scenario2a)b)-Sep/Dec2017-Q16c)-Mar/Jun2018-Q16a)b)-KeycontrolMar/Jun2021-Scenario1b)c)-KeycontrolSep/Dec2018-17√Mar/Jun2016-SpecimenExamSeptember2016塊練Mar/Jun2020-Scenario√inventory&Mar/Jun2017-Q18Sale,Mar/Jun2019-Q16SpecimenExam-Sep2016-Q17√Payroll,Sep/Dec2020-Scenarioprocedures-建議刷題時間天3/科內(nèi)題Revenue-提前確認(rèn)問December2020ScenarioValuationofMar/Jun2020-Scenario3Exceptionofprocedures-建議刷題時間天3/科內(nèi)題Revenue-提前確認(rèn)問December2020ScenarioValuationofMar/Jun2020-Scenario3ExceptionofSep/Dec2018-Q18InventoryandMar/Jun2019-Q18ValuationofSpecimenExamSep2016-Q18b)PPEadditionandMar/Jun2020-Scenario3PPE-Mar/Jun2018-Q18PPE-SpecimenExamSep2016-Q18b)IntangibleMar/Jun2019-Q18Mar/Jun2018-Q18Mar/Jun2018-Q18Mar/Jun2017-Q17March/June2021-ScenarioSep/Dec2020-Scenario3B)Mar/Jun2020-Scenario3Mar/Jun2017-Q17BankBank2020Scenario3Sep2016–Q17a)CompletenessofMar/Jun2017-Q17purchasesandotherSep/Dec2017-Q16SalestaxSalestaxMar/Jun2019-Q18AuditRisk-建議刷題時間（4天考前演練題目-建議考前3天完P(guān)re-dec214/考試級知識題必考主AuditRisk-建議刷題時間（4天考前演練題目-建議考前3天完P(guān)re-dec214/考試級知識題必考主GoingSep/Dec2018-Q18Mar/Jun2021Scenario3OtherPre-dec21MockQ23Sep/Dec2017-Q18SpecimenExam-Sep2016-Q18Mar/Jun2020-Scenario3-Mar/Jun2018-Q18選考主Non-adjustedMar/Jun2019Q18Dec2014Q4GoingAuditSep/Dec2015Sep2016Q17Sep/Dec2018-Q18了Mar/Jun2019-Q16Ethical知識題視AuditMar/Jun2021-ScenarioDec2020examScenarioSep/Dec2018Q16ab)cMar/Jun2017-Q16Mar/Jun2020Scenario1c√Mar/Jun2019-Q17√Sep/Dec2019-Scenario1必做客觀PartAAudit必做客觀PartAAuditframeworkandChapter1StatutoryauditandotherJune2018Examiner’sReviewofForecastlimited5/BPP(2021)BPP(2021)Q1-6/77/1D錯誤錯誤1D錯誤錯誤錯誤2題目的信息是外審對衛(wèi)生制度的合規(guī)性的責(zé)任，由于衛(wèi)生制度對財(cái)報(bào)屬于間接影響（indirecteffect），故審只需執(zhí)行specificauditprocedures（特定的審計(jì)程序）即348/99/Chapter2CorporateChapter2CorporateJuneSolution：C其他題目合并放在2（考試一般也是CG和IA合并為一個案例選擇題10/Chapter3InternalDecemberChapter3InternalDecember2014December201411/1)Internalauditorsshouldnot1)Internalauditorsshouldnotreporttothefinancedirectorsbutshouldtoauditcommittee,June2015A（CPAACCACExternalauditorsshouldreporttoDIfoutsourceinternalauditorscanbeindependentofthecompany12/1313/December2016December2016Q1-5(Corporategovernance&internal14/1515/11and1)正2Compromises11and1)正2CompromisesNEDindependence,NED’sremunerationshouldbesetamountbasedontime為了保證NED的獨(dú)立性，NED的工資必須與業(yè)績沒有關(guān)系（ED的工資可以與業(yè)績掛鉤），3Auditcommittee,MariaMarquez;MoreseniorstaffwithauditFinancedirectorChiefexecutiveAuditcommitteePaulBelling已經(jīng)負(fù)責(zé)設(shè)計(jì)現(xiàn)有的系統(tǒng)了，在擔(dān)任內(nèi)審會出現(xiàn)self-review 4Avalueformoney5Designingandimplementinginternalcontrolprocedurestoaddress16/BPPQ16-20BPPQ16-20(Corporategovernance&Internal17/1617至少每三年重新選一次，且董事會整體至少1/21617至少每三年重新選一次，且董事會整體至少1/2的18192018/即使有內(nèi)審部門協(xié)助，BOD依舊是預(yù)防和發(fā)現(xiàn)錯誤和舞弊的最終負(fù)責(zé)人。（The即使有內(nèi)審部門協(xié)助，BOD依舊是預(yù)防和發(fā)現(xiàn)錯誤和舞弊的最終負(fù)責(zé)人。（Thedirectorsareresponsiblethepreventionanddetectionoffraudanderrors,theinternalauditfunctionmayassistthedirectorsinthedirectorsretaintheultimate19/Chapter4December2014Chapter4December20141)4Solution:屬于Obligatory，無需匿名20/March2018Examiner’sMarch2018Examiner’s1）錯誤codesofprofessionalethics是原則性的（principles）而不是具體指示性的21/Ethics案例BPP（2021）Q11-11FromaEthics案例BPP（2021）Q11-11Fromareviewoftheinformationabove,yourauditassistanthashighlightedsomeoftheriskstoindependenceinrespectoftheauditofMrDaywouldlikehisdaughterZoetobepartoftheauditAuditteamtobeofferedaballoonTaxfeetobebasedonapercentageoftaxFirmtorepresentStarkinadisputewiththetaxWhichofthefollowingoptionsbestidentifiesthevalidthreatstoindependenceandallocatesthethreattothemostappropriatecategory?1)2)2)3)1)3)22/23/23/11B2）收到對方的好處self-interest收費(fèi)按節(jié)稅的百分比收取self-11B2）收到對方的好處self-interest收費(fèi)按節(jié)稅的百分比收取self-代表客戶處理納稅糾紛12除非禮物很小，否則都不能收取，不然可能會引起self-interest1315錯誤錯誤如果是criminalactivity， 24/BPP(2021)BPP(2021)Q21-25/2626/213）連續(xù)兩年客戶總收費(fèi)超過15%-self-interest&intimation4）審計(jì)費(fèi)用逾期-self-213）連續(xù)兩年客戶總收費(fèi)超過15%-self-interest&intimation4）審計(jì)費(fèi)用逾期-self-22A2427/28/11影響Professionalcompetence，但無法使用之前的合伙人，因?yàn)橹暗暮匣锶艘呀?jīng)超過71211影響Professionalcompetence，但無法使用之前的合伙人，因?yàn)橹暗暮匣锶艘呀?jīng)超過712 影響familiarity，因?yàn)闀纠贤逻^度親密，故應(yīng)將newauditmanager*從客戶跳至事務(wù)所會影響self-review131429/SpecimenExamSeptemberSpecimenExamSeptember2016Q1-30/1收入超過15%-事務(wù)所會因?yàn)楹ε率タ蛻舳兊貌豢陀^-Self-interestand27過71收入超過15%-事務(wù)所會因?yàn)楹ε率タ蛻舳兊貌豢陀^-Self-interestand27過7331/32/3333/1D客戶有拖欠的是服務(wù)費(fèi)而不是審計(jì)費(fèi)，所以對審計(jì)意見不會形成相應(yīng)的intimidationthreat題目沒有特殊說明時，一般認(rèn)為ITsecurityserviceiii)self-interest2Brian1D客戶有拖欠的是服務(wù)費(fèi)而不是審計(jì)費(fèi)，所以對審計(jì)意見不會形成相應(yīng)的intimidationthreat題目沒有特殊說明時，一般認(rèn)為ITsecurityserviceiii)self-interest2BrianSmith已經(jīng)擔(dān)任客戶的稅務(wù)服務(wù)，再做審計(jì)會引起self-CassieDixon跟客戶有一定的關(guān)系，但由于已經(jīng)是5PeteRusso工資服務(wù)的同時再做審計(jì)會引起self-綜上所述，CassieDixon3 事務(wù)所做內(nèi)審，而案例中并未說AlanMarshlow辭職，故AlanMarshlow作為公司合伙人（審計(jì)工作）(41)34/5Disclose5DisclosethistothosechargedwithArrangeforareviewtobeconducted,eitherbyanexternalprofessionalaccountantorbyabody（Preorpostissuancereview35/Chapter5Chapter536/PartBPlanningandrisk6PartBPlanningandrisk637/38/BPP(2021) BPP(2021) B錯誤PM應(yīng)低于而不是高于 D39/ChapterBPPChapterBPPQ51-40/515251525341/541）正確可以詢問有關(guān)其他客戶的信息，以推測是否出現(xiàn)goingconcern2）錯誤無法通過詢證函得到合同是否延展的信息（該項(xiàng)目正在投標(biāo)中涉及到保密性）541）正確可以詢問有關(guān)其他客戶的信息，以推測是否出現(xiàn)goingconcern2）錯誤無法通過詢證函得到合同是否延展的信息（該項(xiàng)目正在投標(biāo)中涉及到保密性）展的可能性（243）正確可以了解相關(guān)的借款信 55Mason存貨中有$2m的飛機(jī)，現(xiàn)Mason42/PartCInternalChapter8PartCInternalChapter8InternalDecember201443/PartDAuditChapter10SubstantivePartDAuditChapter10SubstantiveBenefitsofSpecimenExamSeptember2016Sample44/6TimeSpecimenExamSeptember201645/6TimeSpecimenExamSeptember201645/Willow金額一致-NofurtherauditproceduresCedarMapleCashintransit（關(guān)鍵點(diǎn)是是否年后才收到款）-Agreetopostyear-endcashreceiptcashLaurelIndispute(DiscussedwithmanagementtoidentifywhetheradownisOak進(jìn)一步跟進(jìn)函證-followthisupwithanotherletteroraphoneTime2Time2LilyCo,Payableledgerbalance<Statementbalance, C錯誤46/D錯誤函證沒有意義，因?yàn)楹C的金額跟statement3D錯誤函證沒有意義，因?yàn)楹C的金額跟statement347/8848/9 9 2）一張156,403的發(fā)票作為貸方通知單（退貨申請）被寄給了Poole3）在收到貨物之前收到了一張156,40349/各種跟認(rèn)定相關(guān)的程Revenue&TradeDecember各種跟認(rèn)定相關(guān)的程Revenue&TradeDecember2014December2016151)and50/March2017Examiner’sANRVBMarch2017Examiner’sANRVB寶石需求上漲，不太會出現(xiàn)CDJune201551/ABCSpecimenExamSeptember2016ABCSpecimenExamSeptember2016如有，應(yīng)該記錄在PPE名下，以防止低估-52/復(fù)核的是否授權(quán)審批復(fù)核的是否授權(quán)審批53/July2020Examiner’sABJuly2020Examiner’sABC如有，應(yīng)該記錄在PPE名下，以防止低估-D54/AA2021Marjunexaminer'sThefollowingscenariorelatestoquestions1AA2021Marjunexaminer'sThefollowingscenariorelatestoquestions1-Itis1July20X5.YouareanauditsupervisoratYork&CoandyouareinvolvedintheauditLancasterCofortheyearended31May20X5.ThecompanyownsasignificantamountofcurrentassetsincludinganumberofAdditions,disposalandLancasterCodepreciatesitsproperties,onthestraight-linebasis,atarateof5%perannum.draftdepreciationchargeonbuildingsfor20X5is$2mcomparedwith$1.7minOn31May20X5,PropertyAwassoldforsalesproceedsequalto40%pertyinitiallycost$6mandhadbeenownedanddepreciatedforsevenTheauditprogrammeincludesthefollowingteststobecarriedoutinrelationtoadditionsduringthe Agreeasampleofadditionsrecordedinthenon-currentassetregistertothecashbookpurchaseinvoiceensuringthatthepurchasedateisaccurateanditisrecordedatthe ComparetotalbudgetedadditionstoactualadditionsintheyearandinvestigatecorroborateanysignificantOn31May20X5,thedirectorshadallofthecompany’sremainingbuildingsrevaluedbyanexpert.InthedetailedauditapproachitstatesthatYork&Cowillrelyonthisvaluationaspartthecurrentyearaudit55/1WhichTWOofthefollowingauditprocedureswouldtestforOVERSTATEMENTofCo'snon-current1WhichTWOofthefollowingauditprocedureswouldtestforOVERSTATEMENTofCo'snon-currentAgreedisposalsrecordedinthenon-currentassetregistertocashbookandsalesPhysicallyinspectasampleofassetsselectedfromthenon-currentassetInspectasampleofassetsfoundatalocationandagreetothenon-currentassetInspecttheconditionofassetsheldtodeterminetheneedforany2Whichofthefollowingassertionsaretestedbytheproceduresincludedintheprogrammefor(1)(2)(3)(4)Accuracy,valuationandA.1and3B.2and4C.1,3and4D.1,2,3and3Youarenowconsideringsubstantiveauditproceduresfordepreciationacrossallcategoriesnon-currentassetsheldbyLancasterWhichTWOofthefollowingaresubstantiveauditproceduresfortestingReviewthenon-currentassetregistertoensurethatallassetsareassignedausefulPerformaproofintotalforthedepreciationchargeof$2mincludedinthestatementsandinvestigateanysignificant56/ReviewtheboardminutesforevidenceofapprovalofusefulDiscusswithmanagementthereasonsReviewtheboardminutesforevidenceofapprovalofusefulDiscusswithmanagementthereasonsforthe$300,000differenceinthecurrentdepreciationcomparedtotheprior4RecalculatetheexpectedlossondisposalofPropertyA,givingyouranswertoONE$ 5Inrespectoftherevaluation,whichTWOofthefollowingstatementsregardingrelianceonexternalexpertareInlinewithISA620UsingtheWorkofanAuditor'sExpert,reliancecanonlybeplacedanexpertappointedbyYork&ObtainingthevaluationreportwouldconstitutesufficientandappropriateevidencethecarryingamountoftheReferencetotheworkoftheexternalexpertshouldnotbeincludedintheauditor'sTheobjectivityofthevaluermustbeassessedbeforeplacingrelianceonthe1BA該程序?qū)τ谔幹糜涗浂?，屬于高估，但處置是固定資產(chǎn)的抵減項(xiàng)，故對于固定資產(chǎn)而言序?qū)儆诘凸?，故錯B從固定資產(chǎn)臺賬到實(shí)地盤點(diǎn)，從賬本身到源頭，屬于高估，故正C從實(shí)地到固定資產(chǎn)臺賬，屬于從賬外到賬本身，屬于完整性測試，故用于檢查低估，故錯D檢查固定資產(chǎn)的狀況以確定是否有減值跡象（減值屬于固定資產(chǎn)賬面金額的抵減項(xiàng)），有助于止固定資產(chǎn)賬面金額高估，故正57/21）固定資產(chǎn)臺賬追溯到原始單據(jù)有助于確定存在性2）將實(shí)際金額與預(yù)算對比有助于發(fā)現(xiàn)高估(Existence)，低21）固定資產(chǎn)臺賬追溯到原始單據(jù)有助于確定存在性2）將實(shí)際金額與預(yù)算對比有助于發(fā)現(xiàn)高估(Existence)，低估(Completeness)或金額出錯valuationandallocation)，但無法檢查出分類錯報(bào)（比如金額記入固定資產(chǎn)還是損益表3AC屬于TOC不45CA B評估報(bào)告只能對評估后價(jià)值而不是賬面價(jià)值提供充分適當(dāng)?shù)淖C據(jù)C外部專家的工作不可以包含在審計(jì)報(bào)告中（Chapter12內(nèi)容）D在使用外部專家工作前，審計(jì)師需要對外部專家的工作進(jìn)行評估正確12內(nèi)容58/CashAccumulatedLossof6-2.4-PPE(InitialAACTrade59/客戶告知公司早關(guān)賬3天，這時導(dǎo)致最后3天的發(fā)票（293031）記錄在公司第二年的賬上A所有客戶告知公司早關(guān)賬3天，這時導(dǎo)致最后3天的發(fā)票（293031）記錄在公司第二年的賬上A所有29-31B CDDecember2016114)Wagesandsalariesaccountedforrelatedtothecurrentyearended30April1)工資在損益表里合理分類-2）牽扯到計(jì)算和調(diào)整，屬于 60/4）記錄的工資與本年相關(guān)，屬于cut-December2017Examiner’s題目問的是:“以下哪些程序不是對Co4）記錄的工資與本年相關(guān)，屬于cut-December2017Examiner’s題目問的是:“以下哪些程序不是對Co工資暫估進(jìn)行低估測試（完整性測試ABCD計(jì)算抵扣金額，屬于valuation（不屬于完整性程序July2020Examiner’s61/查看approval（授權(quán)審批）屬于TOC62/Chapter11IntroductionReliabilityofSpecimenChapter11IntroductionReliabilityofSpecimenExamSeptember2016ACD詢問董事會也屬于內(nèi)部證據(jù)，但可信度比A63/December20168December20168December201664/ DifferenttypesofJuneARe-BC65/B3)Confirmation-B3)Confirmation-4)Reperformance-66/StagesofanalyticalJune2015StagesofanalyticalJune20154)可以發(fā)現(xiàn)異常的交易3）4）都屬于RiskProofinDecember201667/131368/69/期 69/期 利$-SpecimenExamSeptember2016當(dāng)月全額計(jì)折1購買的折舊，則5月開始計(jì)提折舊，前4SpecimenExamSeptember2016當(dāng)月全額計(jì)折1購買的折舊，則5月開始計(jì)提折舊，前4提，則20X4年需要折舊的月數(shù)=12-470/Chargeforthe1520exercise15rowing10crossJune2015ABCJune2015ABCTOCSPDecember2016141)從工資追溯到財(cái)報(bào)，完整性測試-3）今年與去年的工資進(jìn)行比較-Trendanalysis-71/TOC檢查內(nèi)控-是對過程的SP檢查結(jié)果（從存在，完整，金額準(zhǔn)確方面入手4（Proofintotal）Analytical4（Proofintotal）Analytical由于公司速動比率變低，所以很有可能需要依賴overdraft（信貸額度72/TPdays=TP/Costof應(yīng)付賬款天數(shù)由45TPdays=TP/Costof應(yīng)付賬款天數(shù)由4568ABCD73/TRdays=TR/creditTradereceivablecollectionTRdays=TR/creditTradereceivablecollectionperiodislowerthaninterimauditlowerABCD74/March2018Examiner’sMarch2018Examiner’sOpeningbalanceProductioncost故，這種此消彼長的關(guān)系是的75/Chapter12workofChapter12workof4 D錯誤76/ABCauditABCauditDecember2014DTestdata,auditUsingtheworkof1377/December2018Examiner’sDecember2018Examiner’s78/PartEReviewandChapterPartEReviewandChapter14Auditreviewand121）錯誤2）錯誤79/Sep/DecSep/Dec2020Examiner’s80/Sept/DecSept/Dec2020Examiner’s改財(cái)報(bào)，故選D81/SpecimenExamDecemberJuneSpecimenExamDecemberJune201582/83/AuditproceduresofsubsequentAuditproceduresofsubsequent7884/SpecimenExamSeptember2016SpecimenExamSeptember201685/Sep/Dec2020Examiner’sSolution:BSep/Dec2020Examiner’sSolution:BABCD86/EffecttoSpecimenExamEffecttoSpecimenExamSeptember201687/Going時June2019Examiner’sGoing時June2019Examiner’s報(bào)告截止日期為December20X4，故持續(xù)經(jīng)營應(yīng)結(jié)束于December88/December2014June2018December2014June2018Examiner’s89/ConditionsmaycastdoubtaboutthegoingConditionsmaycastdoubtaboutthegoingDecember201662)3）收入的1/3Impacttoauditor’s90/Solution:anunmodified,amaterialuncertaintyrelatingSolution:anunmodified,amaterialuncertaintyrelatingtogoing雖然公司持續(xù)經(jīng)營有重大不確定性，但是公司已經(jīng)合理披露，故應(yīng)給與 1qualifiedordisclaimer2)adverse91/日Sept/Dec2020日Sept/Dec2020Examiner’sWhatisincludedinwrittenMarch2020Examiner’sA正確管理者聲明應(yīng)報(bào)告管理者職責(zé)（確保財(cái)報(bào)的完整性B錯誤該項(xiàng)內(nèi)容為審計(jì)的免責(zé)條款應(yīng)包含在業(yè)務(wù)約定書92/D正確D正確December201493/Finalreview(OverallWhatauditorsdoinFinalreview(OverallWhatauditorsdoinfinal111）Precondition94/March2020Examiner’sSolutionBMarch2020Examiner’sSolutionBA錯誤B正確使用分析性程序DE95/題目中詢問的是：“以下哪些復(fù)核題目中詢問的是：“以下哪些復(fù)核內(nèi)容可以確保證據(jù)能支撐審計(jì)意見。和的June2015Final96/Chapter15BasicMarchChapter15BasicMarch2017Examiner’sOthermattersparagraphMarch2019Examiner's97/KAMvsBKAMC錯誤KAMvsBKAMC錯誤D錯誤不是所有重要的事項(xiàng)，是在重要里面挑一些最重大的SpecimenExamDecember2unqualifiedaudit3)unmodifiedopinionmodified98/OtherMarch2019Examiner's審計(jì)師只對財(cái)報(bào)負(fù)責(zé)，所以只要財(cái)報(bào)沒有問題就可以給unqualifiedopinion（UnmodifiedOtherMarch2019Examiner's審計(jì)師只對財(cái)報(bào)負(fù)責(zé)，所以只要財(cái)報(bào)沒有問題就可以給unqualifiedopinion（UnmodifiedChairmanreportAudit99/有錯誤，但是沒有超過重要性水平(150,000/6,500,000=2%＜5%ofprofit,Specimen有錯誤，但是沒有超過重要性水平(150,000/6,500,000=2%＜5%ofprofit,SpecimenExamSeptember2016 100/December2018Examiner’sDecember2018Examiner’s101/Sep/Dec2020Examiner’s102/OutcomeOutcome1:Qualified,Outcome2:Unmodifiedwithemphasisof103/必考主觀ControlSales必考主觀ControlSales(b)InrespectoftheinternalcontrolsofFreesia(i)IdentifyandexplainThree(ii)Recommendacontroltoaddresseachofthesedeficiencies;(iii)DescribeaTESTOFCONTROLtheexternalauditorsshouldperformtoassessifeachofthesecontrols,implemented,isoperatingeffectivelytoreducetheidentifiedNote:PrepareyouranswerusingthreecolumnsheadedControldeficiency,Controlrecommendationandofcontrolrespectively.Thetotalmarkswillbesplitequallybetweeneachpart.(9104/105105/106/ControlTestof106/ControlTestofCustomercreditlimitsareset0.5分）,whoarenotsufficientlyseniorenoughandiftheysetlimitstoohigh,leadingtoirrecoverabledebts,ortoolow,leadingtoalossofsales（說影響0.5分）.CreditlimitsshouldbesetbyseniormemberofthesalesdepartmentTheselimitsshouldberegularlyreviewedbyaForasampleofnewacceptedintheyear,reviewtheauthorizationofthecreditlimit,andensurethatthiswasperformedbyaresponsible行內(nèi)控測試1分）Customerordersaregivenabasedonthesalesperson’sownidentificationnumber,whichmaynotsequential,thiswillmayresultmissingordersandlossofcustomerSalesordersshouldsequentiallynumbered.Onaregularbasis,asequencecheckofordersshouldbeundertakentoidentifyanymissingorders.Inspectafileofsalessenttothewarehousetoensuretheyarefiledinnumericalorder.LilyShah,afinanceclerk,responsibleforcashreceipts,updatingthesalesledger.Thereisalackofsegregationofduties,whichmayincreasetheriskoffraud.Thekeyrolesofpostingreceiptsandupdatingthesalesledgershouldbesplitbetweenundertaketherolesofprocessingofbankreceiptsandupdatingofthecashbookandsalesledger.September201616September201616107/108/ControlControlNewcustomers’creditworthiness108/ControlControlNewcustomers’creditworthinessisassessedbyawhosetsthecreditlimit,whichisauthorisedbythesalesdirector.Thesalesstaffhavesalestargets,sotheymaysellproductstopoorcredittomeetthetargetofsales,thiscouldresultinsalesbeingmadetopoorcreditrisks.Newcustomersshouldbeassessedbyindependentofficerandthenauthorisedbythesalesdirector.Salesstaffhavediscretiontograntsalesdiscountscustomersofupto10%.Thiscouldresultinalossofrevenueastheymayawardunrealisticdiscountssimplytomeetsalestargets,thiscouldresultinunauthoriseddiscountsallowed.Alldiscountstobegrantedtoshouldbeauthorisedinadvancebyaresponsibleofficial,suchasthesalesdirector.Salesstaffareabletomakechangestothecustomerdatafile.Thereisariskthattheseamendmentscouldbemadeincorrectlyresultinginalossofsalesrevenueoroverchargingofcustomers.Inaddition,thesalesstaffarenotseniorenoughtobegivenaccesstochangingmasterfiledataasthiscouldincreasetheriskoffraud.Salesstaffshouldnotbeabletoaccessmasterdatafiletomakeamendments.Anysuchamendmentstomasterfiledatashouldberestrictedsothatonlysupervisorsandabovecanmakechanges.Inventoryavailabilitydoesnotappeartobecheckedbysalespersonatthetimetheorderisplaced.Thiswillleadtounfulfilledordersandcustomerdissatisfaction,whichwouldimpactthecompany’sreputation.PriortothesalespersonfinalisingthetheinventorysystemshouldbecheckedinorderforanaccurateassessmentoftheavailabilityofgoodstobenotifiedtoCustomerordersaregivenanumberbasedontheperson’sownidentification(ID)number.Thesenumbersarenotsequential,whichmaynotsequential,thismayresultmissingordersandlossofcustomergoodwill.Salesordersshouldbenumbered.Onaregularbasis,asequencecheckofordersshouldbeundertakentoidentifyanymissingorders.ThesalespersonemailsthewarehousedespatchteamthecustomerIDandthesalesorderdetails,ratherthanacopyofthesalesorderitself,andapicklistisgeneratedfromThereisariskthatincorrectorinsufficientdetailsmayberecordedbythesalespersonandthiscouldresultinincorrectThepicklistshouldbegeneratedfromoriginalorderformandthewarehouseteamshouldcheckcorrectquantitiesandqualityofgoodsbeingdespatched.109/ordersbeing109/ordersbeingdespatched,resultinginalossofgoodwillandOncetheorderistaken,thesalespersonemailsthedepartment,butthefinancedepartmentshouldonlyraiseafterthegoodsaredespatchedtocustomers,otherwise,revenuewillberecognizedearlier.WarehousedepartmentshouldgiveGDNfinancedepartment,andfinancedepartmentshouldmatchedtooriginalsalesorderandthenraiseinvoices.Thesalespersonisgivenresponsibilitytochasedirectlyforpaymentonceaninvoiceisoutstandingfor90days.Thisisconsiderablyinexcessofthecompany’scredittermsof30dayswhichwillleadtopoorcashflow.Acreditcontrollershouldbeappointeditshouldbetheirrole,ratherthanthesalesperson,tochaseanyoutstandingsalesinvoiceswhicharenomorethan30daysold.110/111/ControlControlTestofForbooks111/ControlControlTestofForbooksoutofstock,managerstoldcustomerstoorderbooksfromotherstoresdirectlyorvisitthecompanywebsite,assomecustomermayforgettodothis,itcouldcausethecompanylosingsalesordersAninter-branchsystemshouldbewithinter-branchinventoryformsbeingcompletedforstoretransfer.Ateachstores,inspectasamplecompletedinter-branchinventoryformsforconfirmationthecontrolPurchaseordersbelow$1000areItispossibleforclerkto$1000anditcouldcausethecompanytopaymorecost.authorizedbyaresponsibleofficialbeforeissuedtoInspectasampleofordersforevidenceofGRNsaresenttothedepartmenteverytwomonths;thiscouldresultindelayofpaymenttosuppliersandalsorecordedliabilitiesbeingunderstated.AllGRNsshouldbesenttheaccountdepartmentsonamoreregularbasis,suchasEnquireoftheaccountsclerkthefrequencyofwhenGRNsarereceivedtoassessiftheyarebeingsentpromptly.ThepurchaseorderingclerkOliveralsoprocessingthepayment,thisislackofsegregationofdutiesandtheriskoffraudisincreased.Therolesoforderingandprocessingofshouldbeallocatedtoseparatemembersofstaff.Observethestaffsofandpayment,toensurethereissegregationofduties.Thefinancedirectorisgiventheamountofthepaymentlist.Withoutlookingatthedetailofthepaymentslistandsupportingdocumentation,thereisariskthatsupplierscouldbebeingpaidanincorrectamount,ortofictitiousThefinancedirectorauthorizethedetailsratherthanthesummary.AndsheshouldagreetheamountstobepaidtoandreviewingsupplierInspectasampleofpaymentevidencetheyhavebeenauthorizedbydetails.112/112/Duetostaffshortageinthedepartment,supplierThismayresultinerrorsanderrorscan’tbeidentifiedinatimelymanner.Allbankaccountsshouldreconciledatleastmonthlyandbereviewedbyaresponsibleofficial.ensurethattheyarebeingperformedonaregularbasisandarereviewedbyaresponsible(b)Inrespectof(b)InrespectoftheinternalcontrolsofFreesia(i)IdentifyandexplainTWO(ii)Recommendacontroltoaddresseachofthesedeficiencies;(iii)DescribeaTESTOFCONTROLtheexternalauditorsshouldperformtoassessifeachofthesecontrols,implemented,isoperatingeffectivelytoreducetheidentifiedNote:PrepareyouranswerusingthreecolumnsheadedControldeficiency,Controlrecommendationandofcontrolrespectively.Thetotalmarkswillbesplitequallybetweeneach(6113/114/ControlControl114/ControlControlTestofGRNsareonlysenttothedepartment.Failingtosendacopytothepurchaseorderingdepartmentmeansthatitisnotpossibletomonitorthelevelofunfulfilledorders.ThiscouldresultinasignificantlevelofunfulfilledordersleadingtorepeatedTheGRNshouldbecreatedthreepartswithonecopyoftheGRNbeingsenttotheorderingdepartment.ThesecondcopyshouldbeheldatthewarehouseandthethirdsenttothefinanceReviewthefileofcopyGRNsbythepurchaseorderingdepartmentandreviewforevidencethatthesearematchedtoordersandflaggedasCamillaBrown,theledgerclerk,onlyutilisesdocumentcountcontrolswheninputtinginvoicesintothecontrolscanconfirmthecompletenessofinput.However,theydonotverifytheaccuracyorvalidityofinput.insteadinputtheinvoicesinbatchesandapplyapplicationcontrols,suchascontroltotals,ratherthanjustcompletenesscheckstoensurebothcompletenessandaccuracyovertheinputofpurchaseinvoices.Observetheinputtingofinvoicesandidentifywhatapplicationcontrolsareutilisedbytheclerk.115/116/ControlControlProductionsupervisorsdeterminetheamountof116/ControlControlProductionsupervisorsdeterminetheamountofdiscretionarybonustobepaidtoemployees,theymaypayextrabonusestofriendsorfamilymembers,resultinginadditionalpayrollcosts.Thebonusshouldbedeterminedbyresponsibleofficial,suchastheproductiondirectorandshouldbeformulatedbasedonawrittenpolicy.ThewagescalculationsaregeneratedbythepayrollAseniormemberofthepayrollteamKeyTestofRaspberryCohasaseparatehumanresources(HR)whichisresponsibleforsettingupallnewemployees.HavingasegregationofrolesbetweenhumanresourcesandpayrolldepartmentsreducestheriskoffictitiousReviewthejobdescriptionsofandHRtoconfirmthesplitofresponsibilitieswithregardstosettingupnewjoiners.Pre-printedformsarecompletedbyHRforallnewandincludesassignmentofauniqueemployeeTheuseofpre-printedformsensuresthatalljoinerwillbeSelectasampleofnewaddedtothepayrol,reviewthejoinerformsfortheevidentofpre-printed.Thequarterlyproductionbonusisinputbyaclerkintopayrollsystem,thenthebonusischeckedandsignedbyseniorclerk.ThisreducestheriskofinputerrorsresultinginObtainlistingsofquarterlypaymentsandreviewforevidenceofsignaturebytheseniorclerkwhochecksforinputerrors.Theclockinandoutprocessissupervisedbysecuritystaffhoursaday.ThiscanpreventoneindividualclockinginmultipleObservetheuseofclockcardsemployeeswhenenteringthepowerOnaquarterlybasis,exceptionreportsofchangestostandingdataareproducedandreviewedbythepayrolldirector.Thisensuresthatanyunauthorisedamendmentstostandingdataareidentifiedandresolvedonatimelybasis.Selectasampleofquarterlyreportsandreviewforevidenceofreviewandfollowupofanyunexpectedchangesbythepayrolldirector.Thepaypacketsarepreparedbytwomembersofstaffwithpreparingandonecheckingthepaypacketsandthisisevidencedbyeachstaffmembersigningtheweeklylisting.Thisensuresthereissegregationofdutieswhichpreventsfraudanderrorsnotbeingidentified.Observethepreparationofthepacketsensuringthattwomembersofstaffareinvolvedandthatpaypacketsarecheckedforaccuracy.117/andtherearenochecks117/andtherearenochecksIfthesystemerrors,thiscouldresultinwagesbeingoverorundercalculated,leadingtoanadditionalpayrollcostorlossofemployeegoodwill.recalculatethegrosstonetpayworkingsforsampleofemployeestoensureitsStudentloandeductionformsarecompletedbyemployeesandpaymentsaremadedirectlytothethirdpartyuntiltheemployeenotifiesHRthattheloanhasbeenrepaidinfull.Sinceemployeesareunlikelytobecloselymonitoringpayments,thereistheriskthatoverpaymentsmaybemade.Thepayrolldepartmentshouldmaintainschedule,byemployee,ofpaymentsmadetothirdpartiesandreconcileregularly.Holidayrequestformsarerequiredtobecompletedauthorisedbyrelevantlinemanagers,however,thisdoesnotalwaysoccur.Thiscouldresultinemployeestakingunauthorisedleaveandresultinanoverpaymentofwages.Employeesshouldtakeholidayonlyaftercompletedtheholidayrequestformandauthorisedbyrelevantlinemanagers.Theseniorpayrollmanagerreviewsthebanktransferpriortoauthorisingthepaymentsandalsoamendsthepayrollrecordsforanychangesrequired.Thereisalackofsegregationofdutiesand