Top PDF ACCA Noter Answer Paper F8 2 6int 2002 dec q

ACCA Noter Answer Paper F8 2 6int 2002 dec q

ACCA Noter Answer Paper F8 2 6int 2002 dec q

Section A – ALL THREE questions are compulsory and MUST be attempted 1 The objectivity of the external auditor may be threatened or appear to be threatened where: i There is undue depen[r]

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ACCA Noter Answer Paper F8 2 6int 2006 jun q

ACCA Noter Answer Paper F8 2 6int 2006 jun q

6 International Standards on Auditing (ISAs) are produced by the International Audit and Assurance Standards Board (IAASB), which is a technical committee of the International Federation of Accountants (IFAC). In recent years, there has been a trend for more countries to implement the ISAs rather than produce their own auditing standards. A school friend who you have not seen for a number of years is considering joining ACCA as a trainee accountant. However, she is concerned about the extent of regulations which auditors have to follow and does not understand why ISAs have to be used in your country.
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ACCA Noter Answer Paper F8 f8int 2008 dec a

ACCA Noter Answer Paper F8 f8int 2008 dec a

Other valid points ––– Maximum marks 12 ––– b Up to 2 marks per well-explained point Regulation Reports to the board Liaison with external auditors Monitor effectiveness of intern[r]

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ACCA Noter Answer Paper F8 2 6int 2007 jun a

ACCA Noter Answer Paper F8 2 6int 2007 jun a

Part 2 Examination – Paper 2.6INT Audit and Internal Review International Stream June 2007 Marking Scheme Marks 1 a 0·5 for identifying threat, 1 mark each for point 0·5 where not expl[r]

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ACCA Noter Answer Paper F8 2 6int 2003 dec q

ACCA Noter Answer Paper F8 2 6int 2003 dec q

2 ISA 400 Risk Assessments and Internal Control deals with internal control objectives and internal controls. ISA 500 Audit Evidence deals with audit objectives and audit procedures. A proper understanding of internal controls is essential to auditors in order that they understand the business and are able to effectively plan and execute tests of controls and an appropriate level of substantive procedures.

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ACCA Noter Answer Paper F8 2 6int 2005 jun a

ACCA Noter Answer Paper F8 2 6int 2005 jun a

Lack of supporting evidence 1 Amount material 1 Claim not justified and reason 1 Treatment in financial statements alternative provide allow 1 Draft paragraph for representation lett[r]

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ACCA Noter Answer Paper F8 2 6int 2004 jun a

ACCA Noter Answer Paper F8 2 6int 2004 jun a

Part 2 Examination – Paper 2.6 INT Audit and Internal Review International Stream June 2004 Marking Scheme Marks 1 a Risk classification Up to 1 mark per point to a maximum of 4 b C[r]

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ACCA Noter Answer Paper F8 2 6int 2003 jun a

ACCA Noter Answer Paper F8 2 6int 2003 jun a

Part 2 Examination – Paper 2.6INT Audit and Internal Review International Stream June 2003 Marking Scheme Marks 1 a Performance Up to 1 mark per point to a maximum of 8 b Higher risk[r]

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ACCA Noter Answer Paper F8 f8int 2008 dec q

ACCA Noter Answer Paper F8 f8int 2008 dec q

You have been asked to start the audit planning for Stark Co, by Mr Son, a partner in Ali & Co. Mr Son has been the engagement partner for Stark Co, for the previous nine years and so has excellent knowledge of the client. Mr Son has informed you that he would like his daughter Zoe to be part of the audit team this year; Zoe is currently studying for her first set of fundamentals papers for her ACCA qualification. Mr Son also informs you that Mr Far, the audit senior, received investment advice from Stark Co during the year and intends to do the same next year.

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ACCA Noter Answer Paper F8 f8int 2007 dec q

ACCA Noter Answer Paper F8 f8int 2007 dec q

12 marks b List FOUR audit procedures that an auditor will normally perform prior to attending the client’s premises on the day of the inventory count.. 2 marks c On the day of the in[r]

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ACCA Noter Answer Paper F8 2 6int 2007 jun q

ACCA Noter Answer Paper F8 2 6int 2007 jun q

Audit tests on sales indicate a weakness in the internal control system, with a potential understatement of income in the region of $500,000. The weakness occurred because sales invoices are not sequentially numbered, allowing one of the directors to remove cash sales prior to recording in the sales day book. This was identified during analytical procedures of sales, when the audit senior noted that on the days when this director was working, sales were always lower than on the days when the director was not working. (8 marks) Issue 2

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ACCA Noter Answer Paper F8 2 6int 2006 jun a

ACCA Noter Answer Paper F8 2 6int 2006 jun a

Part 2 Examination – Paper 2.6INT June 2006 Marking Scheme Audit and Internal Review International Stream Marks 1 a One mark for each valid control objective Supply of goods – good cr[r]

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ACCA Noter Answer Paper F8 2 6int 2002 dec a

ACCA Noter Answer Paper F8 2 6int 2002 dec a

Part 2 Examination – Paper 2.6INT Audit and Internal Review International Stream December 2002 Answers 1 External auditor objectivity a Why external auditor objectivity may be, or app[r]

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ACCA Noter Answer Paper F8 2 6int 2005 jun q

ACCA Noter Answer Paper F8 2 6int 2005 jun q

5 marks b You are the manager in charge of the audit of Crighton-Ward, a public limited liability company which manufactures specialist cars and other motor vehicles for use in films.. [r]

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ACCA Noter Answer Paper F8 2 6int 2005 dec q

ACCA Noter Answer Paper F8 2 6int 2005 dec q

i List and briefly explain some of the difficulties of using audit software; 4 marks ii List the audit tests that you can program into your audit software for the sales and inventory sy[r]

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ACCA Noter Answer Paper F8 2 6int 2004 dec q

ACCA Noter Answer Paper F8 2 6int 2004 dec q

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 company listed on a stock exchange. Rock is engaged in the wholesale import, manufacture and distribution of basic cosmetics and toiletries for sale to a wide range of stores, under a variety of different brand names. You have worked on the audit of this client for several years as an audit junior.

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ACCA Noter Answer Paper F8 2 6int 2003 dec a

ACCA Noter Answer Paper F8 2 6int 2003 dec a

Auditors should perform procedures designed to obtain sufficient appropriate audit evidence that all material subsequent events up to the date of the audit report which require adjustmen[r]

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ACCA Noter Answer Paper F8 2 6int 2004 dec a

ACCA Noter Answer Paper F8 2 6int 2004 dec a

Part 2 Examination – Paper 2.6INT Audit and Internal Review International Stream December 2004 Marking Scheme Marks 1 a Internal audit function: risk of fraud and error Up to 1 mark p[r]

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ACCA Noter Answer Paper F8 2 6int 2005 dec a

ACCA Noter Answer Paper F8 2 6int 2005 dec a

Part 2 – Examination – Paper 2.6INT Audit and Internal Review International Stream December 2005 Answers 1 a Audit procedure – Physical count Reason for procedure Perform an overall r[r]

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ACCA Noter Answer Paper F8 2 6int 2003 jun q

ACCA Noter Answer Paper F8 2 6int 2003 jun q

The internal auditors provide the following services to the company: i a cyclical audit of the operation of internal controls in the company’s major functions operations, finance, custo[r]

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