[PDF] Top 20 ACCA Noter Answer Paper F8 2 6int 2003 dec a

... (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

... 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

... 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

... 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

... (iv) The proper use of computer packages by adequately trained staff means that, to an extent, there is less scope for a certain type of human error; this may have an effect on the auditor’s risk assessment. ... Lihat dokumen lengkap

... on a public holiday and given that there is a high level of staff turnover, there is a possibility that staff will not arrive or will complete the work too quickly without properly counting the ... Lihat dokumen lengkap

... The NFA partnership will not have any prior knowledge of Octball. This will be a disadvantage as this will mean the partnership will need time to ascertain the accounting systems and controls etc in Octball before ... Lihat dokumen lengkap

... is a decreased likelihood of ...reconciliations. A review of any customer complaints file (if these letters are kept) will also help to identify any orders that have not been ... 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

... 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