[PDF] Top 20 ACCA Noter Answer Paper F8 2 6int 2002 dec a

... The business is likely to reduce the risk by maintaining its vehicles and training its drivers, and to transfer it by insuring against the cost of repairs and lost time. Alternatively, it might require drivers to buy ... Lihat dokumen lengkap

... facing a potential legal claim from the Lion’s Roar company in respect of a defective vehicle that was supplied for one of their ...Dropping a vehicle 50 metres into a river and expecting it ... Lihat dokumen lengkap

... in a seaside town and hires motor boats and yachts to individuals for amounts of time between one day and one ...with a few customers paying by debit ... Lihat dokumen lengkap

... Mr Sheppard is the Chief Executive Officer and board chairman of SGCC. He appoints and maintains a board of five executive and two non-executive directors. While the board sets performance targets for the senior ... Lihat dokumen lengkap

... of a disagreement about certain disclosures in the financial statements in the previous ...is a trivial matter and have indicated that the company accountant will be able to provide you with the details ... Lihat dokumen lengkap

... that a small printing company with office equipment, motor vehicles and plant and machinery should have in place to achieve the objectives described ...is a technique for drawing conclusions about the ... 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

... Note: To ensure goods received have been recorded as a payables liability the sample selected from the order database should be only those orders that have been received. The invoice number in the order database ... Lihat dokumen lengkap

... Matalas has an internal audit department of six staff, all of whom have been employed at Matalas for a minimum of five years and some for as long as 15 years. In the past, the chief internal auditor appoints staff ... Lihat dokumen lengkap

... is a small company which manufactures high quality shoes and sells them to small ...has a receivables ledger with approximately 750 accounts. A number of the accounts are old, some have nil or credit ... 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

... 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

... (b) A batch of cheese produced by EastVale was found to contain some chemical impurities. Over 300 consumers have complained about food poisoning after eating the cheese. 115 supermarkets have stopped purchasing ... Lihat dokumen lengkap

... that a material error could occur in an assertion that could be material, individually or when aggregated with other misstatements, will not be prevented or detected on a timely basis by the company’s ... Lihat dokumen lengkap

... (i) The accidental release of toxic chemicals occurred after the balance sheet date. Assuming that the inventory was not on the balance sheet at the year end, then the spill is indicative of conditions that arose ... Lihat dokumen lengkap

... 2 You are an audit senior responsible for understanding the entity and its environment and assessing the risk of material misstatements for the audit of Rock for the year ending 31 December 2004. Rock is a ... Lihat dokumen lengkap

... is a charity whose constitution requires that it raises funds for educational ...employ a qualified accountant. The charity employs a part- time bookkeeper and relies on volunteers for fund ...by ... 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

... have a significant effect on profit (there may be slow moving or obsolete inventory that needs to be written down) and on property, plant and equipment which (as a manufacturer and distributor) is likely to ... Lihat dokumen lengkap

... (ii) Charities are also at risk of being in violation of their constitutions which is important where funds are raised from public or private donors who may well object strongly if funds are not applied in the manner ... Lihat dokumen lengkap