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

... that a contingent liability is either a possible obligation arising from past events whose existence will be confirmed by uncertain future events outside the control of the entity or, a present ... Lihat dokumen lengkap

... been a significant discrepancy between provisions and claims in the past and more work will be required if the company does not have significant experience in dealing with this type of warranty ... Lihat dokumen lengkap

... (i) The fire at an oil well means that OilRaker’s oil production and presumably profits, will fall in the next financial year. The fire though does not provide additional evidence of conditions existing at the balance ... 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

... Results: Details of purchase orders were normally correctly recorded through the system. Five purchase orders did not have any associated GRN, PI and were not recorded in the PDB. Further investigation showed that these ... 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

... Porthos, a limited liability company, is a reseller of sports equipment, specialising in racquet sports such as tennis, squash and ...from a variety of different suppliers and then resells this using ... 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

... 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

... Fundamentals Level – Skills Module, F8 INT Audit and Assurance International June 2008 Marking Scheme Marks 1 a Accuracy of internal control questionnaires 1 for each well-explained s[r] ... Lihat dokumen lengkap

... 4 ISA 500 Audit Evidence (Revised) states that management implicitly or explicitly makes assertions relating to the various elements of financial statements including related disclosures. Auditors may use three ... Lihat dokumen lengkap

... once a month. Credit limits are set by the credit controller according to a standard formula and are automatically applied by the computer system, as are the prices of ... Lihat dokumen lengkap

... 6 You are the auditor of BearsWorld, a limited liability company which manufactures and sells small cuddly toys by mail order. The company is managed by Mr Kyto and two assistants. Mr Kyto authorises important ... 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

... The decision to expand the Internet business may cause other problems for Parker. Selling of books and CDs appear to be related as they are both forms of entertainment and the customer knows what the product is like. ... 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

... 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

... 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

... of a meal by Allyson may appear to be a threat to independence; having received an expensive meal, the audit staff may be favourably disposed towards Ancients and be less inclined to investigate potential ... Lihat dokumen lengkap