[PDF] Top 20 ACCA Noter Answer Paper F8 f8int 2008 dec a

... Stark Co require assistance with the preparation of taxation computations and specialist assistance in court regarding a taxation dispute. Internal audit could assist in both areas as long as appropriate ... Lihat dokumen lengkap

... for a firm of auditors which has seven offices throughout England and ...Mart, a company which has grown steadily through a mixture of organic growth and acquisition of companies in the same industry ... Lihat dokumen lengkap

... obtain a standard audit bank confirmation ...bank. A poor relationship implies that further loans may not be granted and alternative finance will be ... Lihat dokumen lengkap

... (iii) Analytical procedures would be applied to each heading, both for the company as a whole, for regions and for individual restaurants if necessary. This would establish the level of expenditure, and the level ... Lihat dokumen lengkap

... (ii) Areas material to the financial statements are likely to be long and short-term leasing receivables and inventory. Leases may be complex and the auditors will wish to ensure that accounting policies are appropriate ... Lihat dokumen lengkap

... Assets are generally more at risk from overstatement than from understatement. There is a risk that receivables are overstated by the under-provision for bad debts. If assets are overstated, profits are likely to ... Lihat dokumen lengkap

... The question was worth 12 marks. The requirement verb discuss indicated that some comment was needed to show why the points made were relevant. The marking scheme allowed one mark for mentioning the specific area and ... Lihat dokumen lengkap

... and a further mark for relating this to the scenario ...provided a list of benefits of internal audit with little or no reference to the scenario, effectively limited marks to 1 out of ...obtained a ... Lihat dokumen lengkap

... to a large company that sells, maintains and leases office equipment and furniture to its customers and you have been asked to co-operate with internal audit to keep total audit costs ... Lihat dokumen lengkap

... borrowed a substantial sum to convert three derelict barns into luxury holiday cottages, and these have proved to be a huge success, being fully booked from late May to ...on a part-time basis to ... Lihat dokumen lengkap

... when a truck carrying dye used in colouring the fabric on mattresses reversed into a metal pylon, puncturing the vehicle allowing dye to spread across the factory premises and into a local ... Lihat dokumen lengkap

... The question requires an understanding of the purpose of control systems, namely payroll in this scenario. The student is also required to identify weaknesses relevant to the scenario and suggest improvements. This ... Lihat dokumen lengkap

... • The internal audit function in any entity is part of the overall corporate governance function of an entity. Corporate governance objectives include the management of the risks to which the entity is subject that would ... Lihat dokumen lengkap

... Each order/packing list is given a Packing lists can be lost resulting Orders/packing lists are controlled with a random alphabetical code. While this either in goods not being despatched numeric sequence. ... Lihat dokumen lengkap

... Mr Grace has been the audit partner of Ancients for eight years. His objectivity for the audit may be threatened by the ongoing close relationship with the client. In other words, he may be too friendly with the ... Lihat dokumen lengkap

... While not completely transparent, the marking scheme followed the convention of parts (a) and (b). The requirement verb was “list” indicating that simply the weakness was required to obtain a mark. In this ... Lihat dokumen lengkap

... 4 Delphic Co is a wholesaler of furniture (such as chairs, tables and cupboards). Delphic buys the furniture from six major manufacturers and sells them to over 600 different customers ranging from large retail ... Lihat dokumen lengkap

... (v) In the company’s annual financial statements, it is not the place of the auditor of Corsco to substitute his judgement for that of directors. However, where large companies involved in complex financing arrangements ... Lihat dokumen lengkap

... that a provision is a liability of uncertain timing or amount which should only be recognised when there is a present obligation, as a result of a past event, and where it is probable ... Lihat dokumen lengkap

... to a wide range of ...but a number of clients withdrew their contracts. A senior employee then left Smithson, stating lack of investment in new analysis machines was increasing the risk of incorrect ... Lihat dokumen lengkap