ACCA Paper F8 Auditiing and Assurance F8AA SQB Conts j08

Loading....

Loading....

Loading....

Loading....

Loading....

Teks penuh

(1)

ATC

INTERNATIONAL

ACCA

PAPER F8

AUDIT AND ASSURANCE (INTERNATIONAL)

(2)

Teddington TW11 8ST United Kingdom.

Editorial material Copyright  Accountancy Tuition Centre (International Holdings) Limited, 2008.

All rights reserved. No part of this training material may be translated, reprinted or reproduced or utilised in any form either in whole or in part or by any electronic, mechanical or other means, now known or hereafter invented, including photocopying and recording, or in any information storage and retrieval system, without permission in writing from the Accountancy Tuition Centre Limited.

(3)

STUDY QUESTION BANK – AUDIT AND ASSURANCE (F8)

CONTENTS

Question Page Answer Marks Date worked

REGULATORY FRAMEWORK

1 International auditing 1 1001 12

2 Audit committee 1 1002 20

3 Fraud and error (ACCA D04) 1 1005 20

4 ISA 200 2 1007 20

PROFESSIONAL ETHICS AND CODES OF CONDUCT

5 Professional ethics (ACCA PP01) 3 1009 20

AUDIT PLANNING (AUDIT RISK, ANALYTICAL REVIEW, MATERIALITY)

12 Norbert 7 1026 14

13 Audit risk 7 1028 20

14 Analytcal procedures and materiality 8 1033 20

15 Planning analytical review (ACCA J03) 9 1034 20

INTERNAL CONTROL AND ASSESSING CONTROL EFFECTIVENESS

16 Knits 10 1037 20

INTERNAL AUDIT AND RISK MANAGEMENT

23 Internal and external auditors (ACCA D01) 16 1055 20

24 Risk managemnet (ACCA Dec02) 16 1057 20

25 Roxy Hotel (ACCA PP01) 17 1059 20

(4)

AUDIT EVIDENCE

27 Sources of audit evidence 19 1064 15

28 Basis of valuation 19 1066 20

29 Methods of evidence gathering (ACCA J04) 20 1069 20

ANALYTICAL PROCEDURES AND AUDIT SAMPLING

(5)

STUDY QUESTION BANK – AUDIT AND ASSURANCE (F8)

CONTENTS

Question Page Answer Marks Date worked

LOANS, BANK & CASH

44 Cromwell 28 1102 20

45 Bon Voyage 29 1104 15

TRADE PAYABLES AND ACCRUED EXPENSES

46 Cosmos 30 1106 20

FORMING AN AUDIT JUDGEMENT

52 Calva (ACCA D03) 34 1120 20

53 OilRakers (ACCA D05) 34 1122 20

THE AUDITOR’S REPORT ON FINANCIAL STATEMENTS

(6)

The IASB reissued IAS 1 ‘Presentation of Financial Statements’ in September 2007. Amendments to the old IAS 1 are mainly to presentation and terminology and have been reflected throughout these questions.

Although IAS 1 does not become effective until periods on or after 1 January 2009, earlier adoption is permitted. ACCA operates a six month rule in its examinations based on issue date, whereby accounting standards will not be examined until six months have passed from their date of issue. Therefore the revised IAS 1 falls to be examined from the June 2008 examinations.

Terminology has therefore been changed throughout the F8 materials. The main changes can be summarised as follows:

„ Balance sheet ⇒ Statement of financial position

„ Balance sheet date ⇒ end of the reporting period (note that end of the reporting period may also be

referred to as the “year end” within the study system and question bank)

„ Income statement ⇒ Statement of comprehensive income (but see below)

„ Cash flow statement ⇒ Statement of cash flows (IAS 7 is renamed)

„ Events after the balance sheet date ⇒ Events after the reporting period (IAS 10 is renamed)

The Statement of Comprehensive Income basically consists of two elements – an income statement (the same as the old IAS 1 format) plus other comprehensive income comprising, for example, gains on

revaluations, cash-flow hedges, translation of foreign operations and actuarial gains (all of which are

still analysed within a statement of changes in equity).

Figur

Memperbarui...

Referensi

Memperbarui...