AA 実際試験問題と解答 - 模擬練習 - 受験自信を増やす

Question No : 1
When preparing audit documentation, the auditor of a smaller entity may find it helpful and efficient to record various aspects of the audit together in a single document, with cross-references to supporting working papers as appropriate. Examples of matters that may bedocumented together in the audit of a smaller entity include the understanding of the entity and its internal control, the overall audit strategy and audit plan, materiality, assessed risks, significant matters noted during the audit, and conclusions reached.
Which one of the following would not be included in the overall audit strategy?

A.Details of economic factors and industry conditions
B.The results of initial analytical procedures
C.Confirmation of management’s responsibility for the financial statements
D.Identification of specific audit risks

正解:

Question No : 2
Pahari Robert has been appointed the auditor of Safe Haven which has a year end of 31 May. Safe Haven is a small registered charity based in a small town in Warshire. The organisation provides shelter for abandoned dogs and puppies with the aim of finding new homes for as many as possible.
Safe Haven also employs a number of paid employees. The shelter is managed by John and Jane Sheldon, who are husband and wife. Safe Haven has a high turnover of staff in the accounts department.
Which type of risk has been illustrated in Safe Haven?

A.Inherent risk
B.Control risk
C.Detection risk
D.Audit risk

正解:

Question No : 3
A firm’s inventory consisted of 5,000 various types of stocks, 100 of which accounted for 75% of the total monetary value. The most recent regular quarterly manual count revealed that there was an unnecessary two years’ supply of the more expensive items.
The control that would best help to correct this oversupply problem is

A.Use of a control total over the number of unique inventory items.
B.Limit check on the total monetary value of the inventory.
C.Use of authorising signatures on requisitions for inventory requested by production.
D.Maintain perpetual inventory of the larger dollar value items in the inventory.

正解:

Question No : 4
Mike Robin, ACA is identifying risk in the statement of Mohin Co as a part of his audit work.
Which of the following defines control risk for Mohin Co?

A.The risk that the financial statements of Mohin Co are materially misstated prior to audit.
B.The susceptibility of an assertion about a class of transaction, account balance or disclosure to a misstatement that could be material, either individually or when aggregated with other misstatements, before consideration of any related controls of Mohin Co.
C.The risk that a misstatement that could occur in an assertion about a class of transaction, account balance or disclosure and that could be material, either individually or when aggregated with other misstatements, will not be prevented, or detected and corrected, on a timely basis by Mohin Co’s internal control.
D.The risk that the procedures performed by Mike to reduce audit risk to an acceptably low level will not detect a misstatement that exists and that could be material, either individually or when aggregated with other misstatements.

正解:

Question No : 5
New credit policies have been implemented to prevent entering any new sales order that would cause customers’ accounts receivable balance to exceed average sales for any two-month period in the prior twelve month period resulting in controlled collectability. After implementation there were decreased sales and slower order entries as reported from divisional sales management. Division management contends that these are a direct result of the new credit policy constraints.
Sales management’s data and information provides

A.Feedback control data on the new credit policy.
B.Irrelevant argumentative information.
C.Evidence that the new credit policy is not meeting the stated corporate objective to control the collectability of new sales volume.
D.A statistically valid conclusion about the impact on customer goodwill concerning the credit policy.

正解:

Question No : 6
After partially completing an internal control review of the accounts payable department, the auditor suspects that some type of fraud has occurred. To ascertain whether the fraud is present, the best sampling approach would be to use

A.Simple random sampling to select a sample of vouchers processed by the department during the past year.
B.Probability-proportional-to-size sampling to select a sample of vouchers processed by the department during the past year.
C.Discovery sampling to select a sample of vouchers processed by the department during the past year.
D.Judgmental sampling to select a sample of vouchers processed by clerks identified by the department manager as acting suspiciously.

正解:

Question No : 7
A payroll clerk with authorised access to the local area network (LAN) was able to update personnel files directly, independent of the application programmes.
The best control to prevent a clerk from doing this would be to

A.Restrict access to LAN workstations by such means as automatic lock-up after a predefined period of keyboard inactivity.
B.Restrict access to and monitor installation of software products or tools having powerful update capabilities.
C.Use password security to authenticate users as they attempt to log on to the LA
D.Establish a security policy for the department that prohibits direct updating of data files.

正解:

Question No : 8
Frederich Gastona has been invited by ECA Co to perform the audit of financial statements of 2012-13. When deciding whether to accept an auditing engagement, Frederich must judge his independence and objectivity. If Frederich’s audit firm lacks independence or objectivity, Frederich can’t accept the engagement.
What does “Independence” mean in the context of the above case?

A.Remaining aloof from client ECA Co.
B.Not being financially dependent on client ECA Co.
C.Taking an unbiased viewpoint while conducting audit of ECA Co.
D.Being an advocate for ECA Co in the law suit.

正解:

Question No : 9
John has been given the following draft figures for Kulran Ltd for the year ended 30 June 2011 to analyse. Materiality has been set at $35,000 and the finance director has told John in a planning meeting that there have been few changes in the year. Budgets were set at 2010 levels and there have been no major movements in non-current assets.
20112010
$$
Revenue3,497,2843,487,286
Cost of sales1,867,2942,008,967
Salaries467,900420,975
Which of the following is normally designed to detect possible material monetary errors in the above figures of financial statements?

A.Test of control
B.Walk-through test
C.Analytical procedure
D.Observation of a procedure

正解:

Question No : 10
Smith and Co is considering preliminary audit strategy for Well Ltd. Well Ltd is an established company with well-documented systems and controls. It has an internal audit function whose principal activity is to monitor the implementation and effectiveness of existing controls.
Which of the following statements would be correct about the reliability of audit evidence of Well Ltd?

A.To be reliable, evidence of Well Ltd should be conclusive rather than persuasive
B.Effective internal control system of different systems of Well Ltd can provide reliable audit evidence
C.Evidence obtained from outside sources routed through Well Ltd will be more reliable
D.Limited internal control system of Well Ltd can provide reliable audit evidence

正解:

Question No : 11
Internal auditors and management have become increasingly concerned about computer fraud .
Which of the following control procedures would be least important in preventing computer fraud?

A.Programme change control that requires a distinction between production programmes and test programmes.
B.Testing of new applications by users during the systems development process.
C.Segregation of duties between the applications programmer and the programme librarian function.
D.Segregation of duties between the programmer and systems analyst.

正解:

Question No : 12
A personnel department is responsible for processing placement agency fees for new hires. A recruiter established some bogus placement agencies and, when interviewing walk-in applicants, the recruiter would list one of the bogus agencies as referring the candidate.
A possible means of detection or deterrence is to

A.Process all personnel agency invoices via a purchase order through the purchasing department.
B.Verify new vendors to firms listed in a professional association catalog and/or verify the vendor name and address through the telephone book.
C.Monitor the closeness of the relationships of recruiters with specific vendors.
D.Require all employees to sign an annual conflict of interest statement.

正解:

Question No : 13
Acer Ltd is a client of your firm and is seeking funding in order to expand the business. The directors have prepared profit and cash flow forecasts for the next three years ending 30 June 2016 in support of the request for funding. The company’s bankers require this information to be reviewed by independent accountants and the board of directors has requested that your firm undertakes this review.
The following is an extract from an independent accountant's unmodified report on the profit and cash flow forecasts:
‘Based on our examination of the evidence supporting the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast.’
Which of the following BEST describes the type of assurance provided by this statement?

A.Positive assurance expressed negatively
B.Negative assurance expressed positively
C.High level of assurance expressed negatively
D.Limited level of assurance expressed negatively

正解:

Question No : 14
Cates plc is a large organisation with a complex accounting and information system. Critical to an understanding of the system are the reporting lines and relationships between different departments.
Which of the following represents inherent limitation of a system of internal controls in Cates plc?

A.Lack of controls over the purchases system
B.Lack of in-depth knowledge of the purposes of controls
C.Lack of staff to ensure segregation of duties
D.The possibility that staff members will collude in fraud

正解:

Question No : 15
During an operational audit, an auditor observes a large number of aboveground storage containers and a large amount of black emissions from a company smokestack. The organisation has an environmental safety department. The audit engagement is not designed to consider environmental concerns. The best course of audit action would be to

A.Make a note to consider environmental risk concerns when developing the audit plan for the next year, but do not expand the scope of the existing audit since the budget and risk priorities are already set.
B.Report the observations to the audit committee and seek their advice on whether the audit should be expanded for the environmental audit.
C.Document the observations and report them to the environmental safety department. Determine if their response will be timely, and follow up to determine if they have taken timely action.
D.Inquire of local management as to the use of the storage tanks in order to determine if they are properly classified as an asset. Do not take action on the environmental issues because the auditor is untrained in the area, and such action is the responsibility of an already existing department.

正解:

CPA AA 問題練習