[PDF] Top 20 ACCA Noter Answer Paper F8 2 6int 2005 jun a

... This method of collecting evidence will be useful in BearsWorld because it will help to identify unusual changes in income and expenditure. As BearsWorld is a relatively small company, monitoring gross profit will ... 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

... (iii) Qualifications and disclaimers of opinion may be regarded as problematic if they are attached to financial statements that are presented to banks or other providers of finance. If they are attached to financial ... 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

... 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

... 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

... 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

... 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

... 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

... 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

... 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

... (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

... for a subcommittee of the International Audit and Assurance Standard Board (IAASB) to determine appropriate areas for an ISA, or to note where existing ISAs need ... 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

... 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

... 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 managers of Green Co, while not being criminals, they appear to lack integrity in their business affairs. The partners in Lime & Co need to decide whether they want to be professionally associated with Green Co; ... Lihat dokumen lengkap