[PDF] Top 20 ACCA Noter Answer Paper F8 2 6int 2007 jun a

... Select a sample of individual payables accounts for testing, Material balances should always be tested to ensure focusing on material balances, zero balances and a sample correctness and test a large ... 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

... 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

... 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

... 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

... (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

... (ii) the different types of analytical procedures available to the auditor; and (3 marks) (iii) the situations in the audit when analytical procedures can be used. (3 marks) Zak Co sells garden sheds and furniture from ... 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

... 5 (a) You are the audit manager in JonArc & Co. One of your new clients this year is Galartha Co, a company having net assets of $15 million. The audit work has been completed, but there is one ... Lihat dokumen lengkap

... 7. A representative sample of individual trade payables should be traced back through the system from the schedules supporting the financial statements to the ledgers, daybooks and source documentation to ensure ... Lihat dokumen lengkap

... The meaning of the extract. It confirms that audit work has been carried out in accordance with external Auditing Standards – not arbitrary standards made up by the audit firm and that audit planning was carried out to ... 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

... 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

... send a positive or negative confirmation. Positive confirmations ask for a reply in any case (and may have a low response rate), negative confirmations only require a reply when the creditor ... 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

... 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

... (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

... 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