AA無料問題集「CPA Audit & Insurance」

質問 1

Mike Robin, ACA is identifying risk in the statement of Mohin Co as a part of his audit work.
Which of the following defines control risk for Mohin Co?

（A）The risk that the procedures performed by Mike to reduce audit risk to an acceptably low level will not detect a misstatement that exists and that could be material, either individually or when aggregated with other misstatements.

（B）The risk that a misstatement that could occur in an assertion about a class of transaction, account balance or disclosure and that could be material, either individually or when aggregated with other misstatements, will not be prevented, or detected and corrected, on a timely basis by Mohin Co's internal control.

（C）The risk that the financial statements of Mohin Co are materially misstated prior to audit.

（D）The susceptibility of an assertion about a class of transaction, account balance or disclosure to a misstatement that could be material, either individually or when aggregated with other misstatements, before consideration of any related controls of Mohin Co.

正解：B 解答を投票する

質問 2

The auditor shall maintain an attitude of professional scepticism throughout the audit, recognising the possibility that a material misstatement due to fraud could exist, notwithstanding the auditor's past experience of the honesty and integrity of management and those charged with governance.
Which of the following best describes professional scepticism?

（A）The auditor should not believe anything that management tells him.

（B）The auditor should apply a questioning mind to the information and evidence he obtains.

（C）The auditor should not believe anything that management tells him, without obtaining supporting evidence.

（D）The auditor should always assume the worst outcome in cases of uncertainty.

正解：B 解答を投票する

質問 3

Auditing standards require that the auditor and the client agree on the terms of the engagement. The agreed terms must be in writing and the usual form would be a letter of engagement. Any other form of appropriate contract, however, may be used.
Which of the following is NOT a benefit of an engagement letter in respect of assurance services?

（A）Provides written confirmation of the acceptance of the engagement

（B）Confirms the scope of the engagement

（C）Certifies the assurance provider's opinion

（D）Clearly defines the extent of the assurance provider's responsibilities

正解：C 解答を投票する

質問 4

Internal auditors and management have become increasingly concerned about computer fraud. Which of the following control procedures would be least important in preventing computer fraud?

（A）Programme change control that requires a distinction between production programmes and test programmes.

（B）Segregation of duties between the programmer and systems analyst.

（C）Testing of new applications by users during the systems development process.

（D）Segregation of duties between the applications programmer and the programme librarian function.

正解：B 解答を投票する

質問 5

The auditor of Net plc carried out an external confirmation of receivables at the year end to confirm the accuracy of total trade receivables in the balance sheet at that date. Two of the replies to the confirmations disagreed the balance.
For each of these two disagreements, select whether the disagreement would be considered as a misstatement or would not be considered as a misstatement for the purposes of evaluating the accuracy of total trade receivables in the balance sheet at the year end.
(i)Word Ltd disagreed the balance because they had made a payment two days before the year end. The auditor has confirmed that the cheque cleared the bank two days after the year end.
(ii)Red Ltd disagreed the balance because their records did not contain invoice number SI 00942. This invoice and associated goods were despatched by Net plc on the last day of the year. The auditor has verified that the despatch note and cut-off with inventory are correct.

（A）Both (i) and (ii) would be considered as misstatement

（B）(i) would be considered as misstatement and (ii) would not be considered as misstatement

（C）Both (i) and (ii) would not be considered as misstatement

（D）(i) would not be considered as misstatement and (ii) would be considered as misstatement

正解：C 解答を投票する

質問 6

A firm's inventory consisted of 5,000 various types of stocks, 100 of which accounted for 75% of the total monetary value. The most recent regular quarterly manual count revealed that there was an unnecessary two years' supply of the more expensive items.
The control that would best help to correct this oversupply problem is

（A）Use of a control total over the number of unique inventory items.

（B）Use of authorising signatures on requisitions for inventory requested by production.

（C）Maintain perpetual inventory of the larger dollar value items in the inventory.

（D）Limit check on the total monetary value of the inventory.

正解：C 解答を投票する

質問 7

When questions arise on the appropriateness of the going concern assumption made by management and the existence of material misstatements which was not adequately disclosed in the financial statements would lead to auditor's-

（A）Unmodified opinion (but have to include an emphasis of matter paragraph in the auditor's report)

（B）Qualified opinion

（C）Disclaimer of opinion

（D）Unmodified opinion

正解：B 解答を投票する

質問 8

After partially completing an internal control review of the accounts payable department, the auditor suspects that some type of fraud has occurred. To ascertain whether the fraud is present, the best sampling approach would be to use

（A）Simple random sampling to select a sample of vouchers processed by the department during the past year.

（B）Judgmental sampling to select a sample of vouchers processed by clerks identified by the department manager as acting suspiciously.

（C）Probability-proportional-to-size sampling to select a sample of vouchers processed by the department during the past year.

（D）Discovery sampling to select a sample of vouchers processed by the department during the past year.

正解：D 解答を投票する

AA 無料問題集「CPA Audit & Insurance」

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