2025年ACCAF8审计程序模拟卷

2025年ACCAF8审计程序模拟卷考试时间：______分钟总分：______分姓名：______Instructions:Pleaseanswerallthequestionsinthespacesprovided.Scenario1:AlphaLimitedYouareanauditmanageratBetaAssurance,planningthe2024financialyearauditofAlphaLimited,acompanywhosesharesaretradedontheLondonStockExchange.AlphaLimitedmanufacturesanddistributesspecialisedindustrialequipment.Thecompanyhasacomplexorganizationalstructurewithseveralforeignsubsidiaries.ItsfinancialstatementsarepreparedinaccordancewithInternationalFinancialReportingStandards(IFRS).Youhavecompletedtheriskassessmentphaseoftheaudit.Youidentifythefollowingsignificantrisks:*Risk1:Inadequatecontrolsoverinventorycountingandvaluationduetothelargevolumeandspecializednatureoftheinventory.*Risk2:Potentialformanagementoverrideofcontrols,particularlyintherevenuerecognitionprocess,giventhepressureonmeetingprofitabilitytargets.*Risk3:Fluctuationsinforeignexchangeratesaffectingthevalueofoverseasassetsandliabilitiesandthereportedprofit.Youdecidetoperformfurtherauditprocedurestoaddresstheserisks.Question1:(a)DescribethemaindifferencesbetweentestofcontrolsandsubstantivetestsofdetailsinrelationtotheauditofinventoryatAlphaLimited.(6marks)(b)OutlinetheproceduresyouwouldconsiderperformingtoaddressRisk1regardinginventorycountingandvaluation.(8marks)(c)ExplainhowyouwouldobtainauditevidencetoaddressRisk2regardingthepotentialformanagementoverrideofcontrols.(8marks)Scenario2:BetaPlcBetaPlcisapubliclylistedcompanythatprovidesITservices.Youaretheleadauditmanagerforthe2024audit.Duringtheplanningphase,youlearnthatBetaPlchasrecentlyimplementedanewenterpriseresourceplanning(ERP)systemtointegrateitsfinancialandoperationaldata.Thesystemwasdevelopedin-houseandwentlivesixmonthsago.Thekeyrisksyouhaveidentifiedare:*Risk1:TheeffectivenessoftheinternalcontrolsrelatedtothenewERPsystemhasnotbeenadequatelytested.*Risk2:ThedatageneratedbythenewERPsystemmaynotbereliableduetoprogrammingerrorsorinadequatedatavalidationprocedures.YoudecidetoincludeprocedurestotestthecontrolsrelatedtotheERPsystemandtoperformsubstantiveprocedurestotestthereliabilityofthedata.Question2:(a)DescribethekeycontrolsyouwouldexpecttobepresentinanITenvironmentlikeBetaPlc'stoensurethereliabilityoffinancialreporting.(6marks)(b)ExplaintheproceduresyouwouldperformtotesttheeffectivenessofthecontrolsrelatedtothenewERPsystem(Risk1).(8marks)(c)DescribethesubstantiveproceduresyouwouldconsiderperformingtotestthereliabilityofthefinancialdatageneratedbytheERPsystem(Risk2).(8marks)Question3:YouareperformingadetailedtestofcontrolsonthesalesandreceivablescycleatGammaCompany.Youselectasampleofsalestransactionsrecordedintheperiodandtracethembacktosupportingdocumentation.Youfindthatonetransactionrecordedinthesalesjournalwasnotsupportedbyaninvoiceorshippingdocument.(a)Describethepossibleexplanationsforthediscrepancyyouhaveidentified.(5marks)(b)Explainthefurtherproceduresyouwouldperformtoinvestigatethisdiscrepancy.(6marks)(c)Assumingyouinvestigatethediscrepancyanddeterminethatitwasduetoatemporaryerrormadebyajuniorclerkwhohasnowleftthecompany,describetheactionsyouwouldtake.(5marks)Question4:YouaretheleadauditmanagerforDeltaPlc,acompanypreparingitsfinancialstatementsunderIFRS.Duringtheaudit,youidentifyamaterialerrorinthepreviousyear'sfinancialstatementsrelatedtothevaluationofproperty,plant,andequipment(PPE).Theerrorhasnotbeencorrectedinthecurrentyear'sfinancialstatementsbecausethemanagementofDeltaPlcisunabletoagreeontheappropriaterectification.Describetheproceduresyouwouldperformtoobtainsufficientandappropriateauditevidenceregardingtheerror.(10marks)Question5:YouareauditingthefinancialstatementsofEpsilonLimited,aprivatecompany.Duringtheaudit,youbecomeawarethatthecompanyisunderinvestigationbythetaxauthoritiesregardingitsprofitmargins,whicharesignificantlyhigherthanthoseofitspeers.YoualsolearnthattheauditcommitteeofEpsilonLimitedisunawareofthetaxinvestigation.(a)Describetheproceduresyouwouldperformtoobtainsufficientandappropriateauditevidenceregardingthetaxinvestigation.(8marks)(b)Explainhowyouwouldcommunicateyourfindingsregardingthetaxinvestigationtotheauditcommittee.(7marks)(c)Describetheactionsyouwouldtakeiftheauditcommitteeisunresponsivetoyourcommunicationregardingthetaxinvestigation.(5marks)Scenario3:ZetaCorporationZetaCorporationisalargemultinationalcompanywithawell-establishedinternalauditfunction.Youaretheleadauditmanagerforthe2024auditofZetaCorporation'sfinancialstatements.Theinternalauditfunctionreportsdirectlytotheauditcommittee.Youhavereviewedtheworkplanoftheinternalauditfunctionfortheupcomingyearandidentifiedseveralareaswheretheirworkcouldpotentiallybeusedinyouraudit.However,youalsonotethattheinternalauditfunctionhasnotpreviouslyprovidedyouwithanyauditworkpapers.Question6:(a)DescribethekeycriteriayouwouldusetoevaluatetheobjectiveevidenceprovidedbytheinternalauditfunctionwhenplanningtheauditofZetaCorporation.(8marks)(b)Outlinetheproceduresyouwouldperformtodeterminewhethertheinternalauditworkperformedonaspecificissueissuitableforuseinyouraudit.(8marks)(c)Explainhowyouwouldmodifyyourauditapproachifyoudecidetoutilizetheinternalauditworkonaspecificissue.(6marks)Question7:YouareperforminganauditofthefinancialstatementsofThetaLimited,acompanypreparingitsfinancialstatementsunderIFRS.Duringtheaudit,youidentifyanumberofuncorrectedmisstatementsinthefinancialstatements.Youhavedeterminedtheoverallmaterialitylevelfortheauditandhavegroupedthemisstatementsintothreecategories:individuallynotmaterialbutaggregatedmaterial,individuallyandaggregatedmaterial,andindividuallymaterialbutaggregatednotmaterial.Describehowyouwoulddeterminetheoveralleffectoftheuncorrectedmisstatementsonthefinancialstatementsandtheactionsyouwouldtakebasedonyourconclusion.(10marks)Question8:Youaretheleadauditmanagerforthe2024auditofOmegaLimited,acompanypreparingitsfinancialstatementsunderIFRS.Duringtheaudit,youbecomeawarethatthecompany'skeyperformanceindicators(KPIs)havesignificantlydeterioratedinthecurrentperiodcomparedtothepreviousperiodandtothebudget.Managementattributesthedeteriorationtoaone-offeventthatisnotexpectedtorecur.(a)Describetheproceduresyouwouldperformtoobtainsufficientandappropriateauditevidencetoevaluatemanagement'sexplanationregardingthedeteriorationinKPIs.(8marks)(b)Explainhowyouwouldassesstheimpactoftheone-offeventonOmegaLimited'sgoingconcernbasis.(7marks)(c)Describetheactionsyouwouldtakeifyouconcludethatmanagement'sexplanationisnotadequate.(5marks)---试卷答案Scenario1:AlphaLimitedQuestion1:(a)Testofcontrolsareproceduresdesignedtoobtainauditevidenceabouttheoperatingeffectivenessofinternalcontrolsrelevanttothepreparationandfairpresentationofthefinancialstatements.Substantivetestsofdetailsareproceduresthatdirectlytestformaterialmisstatementsinaccountbalancesorclassesoftransactions.Testofcontrolsareperformedwhencontrolsarereliedupontoreducesubstantivetesting;theyarerisk-responseprocedures.Substantivetestsareperformedregardlessoftheassessedriskofmisstatementduetocontrols.(6marks)(b)ProcedurestoaddressRisk1:*Reviewinventorycountingproceduresandobservethecountingprocess.*Observetherotationofinventorytoensureoldstockiscountedfirst.*Selectasampleofinventoryitemsandphysicallytracethemfromtheinventoryrecordstothephysicalinventoryandback.*Inspecttheconditionofinventoryandlookforsignsofdamageorobsolescence.*Inquirewithpersonnelinvolvedintheinventorycountingprocess.*Reviewinventoryvaluationmethodsandapplyanalyticalprocedurestoassessreasonableness.*Recalculateinventoryobsolescenceprovisionsifnecessary.(8marks)(c)ProcedurestoaddressRisk2:*Performauditprocedurestotesttheoperatingeffectivenessofcontrolsoverrevenuerecognitionthroughouttheauditperiod.*Performdetailedtestingofrevenuetransactionsnearperiod-endtoidentifypotentialprematureorinaccuraterecognition.*Inquirewithsalesandbillingpersonnelaboutpressuretomeettargetsandhowthismightaffectrevenuerecognition.*Reviewmanagement'srevenuerecognitionpoliciesandevaluatetheirconsistencywithIFRS.*Recalculaterevenuerecognitionforsignificantcontractsusingmanagement'spolicies.*Considerperformingprocedurestoconfirmlargeorunusualcustomerbalances.(8marks)Scenario2:BetaPlcQuestion2:(a)KeycontrolsforreliabilityinanITenvironment:*Accesscontrols:Ensuringonlyauthorizedpersonnelhaveaccesstosystemsanddata.*Inputcontrols:Validatingdataenteredintothesystemtoensureaccuracyandcompleteness.*Processingcontrols:Ensuringdataisprocessedcorrectlyandsecurely.*Outputcontrols:Ensuringreportsandotheroutputsareaccurate,complete,anddistributedappropriately.*Backupandrecoverycontrols:Ensuringdatacanberecoveredintheeventofasystemfailure.*Changemanagementcontrols:Ensuringchangestothesystemareproperlyauthorized,tested,anddocumented.(6marks)(b)ProcedurestotesttheeffectivenessofcontrolsrelatedtothenewERPsystem:*Observetheimplementationprocesstounderstandthecontrolsputinplace.*InquirewithkeyusersandITpersonnelabouttheoperationandeffectivenessofcontrols.*Reviewdocumentationrelatedtosystemsetup,testing,andusertraining.*Performwalk-throughsofkeytransactioncycleswithintheERPsystem.*Selectasampleoftransactionsandtracethemthroughthesystemtoensurecontrolsareoperatingasdesigned.*Testkeycontrolsusingspecializedsoftwaretoolsifavailable.(8marks)(c)SubstantiveprocedurestotestthereliabilityoffinancialdatageneratedbytheERPsystem:*Performdetailedtestingofsignificantaccountbalances,suchasaccountsreceivable,inventory,andfixedassets,bytracingthemtosourcedocuments.*Recalculateaccountbalancesusingindependentmethods.*Performanalyticalprocedurestoidentifyunusualtrendsorfluctuationsinfinancialdata.*Reviewsystemlogsforunusualactivityorerrors.*TestkeyreportsgeneratedbytheERPsystemforaccuracyandcompleteness.(8marks)Question3:(a)Possibleexplanationsforthediscrepancy:*Thesalemayhavebeenrecordedinerror.*Thesalemayhavebeenrecordedprematurely.*Thesalemaynothaveactuallyoccurred.*Supportingdocumentationmayhavebeenlostormisfiled.*Theclerkmayhaveintentionallycommittedtheerror.(5marks)(b)Furtherprocedurestoinvestigatethediscrepancy:*Inquirewiththesalespersonwhomadethesale.*Searchforthemissinginvoiceorshippingdocument.*Reviewsalesordersandshippingrecords.*Checkthesalesjournalforotherunusualentriesaroundthesametimeperiod.(6marks)(c)Actionsifthediscrepancyisduetoatemporaryerrorbyajuniorclerk:*Advisemanagementoftheerroranditscause.*Instructtherelevantpersonneltocorrecttheerror.*Performadditionalprocedurestoensuretheerrorwillnotrecur.*Documentthefindingsandtheactionstaken.(5marks)Question4:Procedurestoobtainsufficientandappropriateauditevidenceregardingtheerror:*Obtainmanagement'swrittenexplanationoftheerrorandtheimpactonthefinancialstatements.*Reviewtheaccountingtreatmentappliedbymanagementtotheerror.*Recalculatethefinancialstatementamountstodeterminetheimpactoftheerror.*Performprocedurestoidentifythecauseoftheerror.*Considerobtainingexpertadviceifnecessary.*Communicatewiththosechargedwithgovernanceregardingtheerrorandmanagement'sresponse.*Modifytheauditopinionbasedonthenatureandmaterialityoftheerror.(10marks)Question5:(a)Procedurestoobtainsufficientandappropriateauditevidenceregardingthetaxinvestigation:*Inquirewithmanagementaboutthenatureofthetaxinvestigationandthepotentialimpactonthefinancialstatements.*Reviewcorrespondencewiththetaxauthorities.*Reviewthetaxreturnandanyrelatedadjustments.*Performprocedurestoassessthepotentialoutcomeoftheinvestigationandtherelatedfinancialimpact.*Considerobtainingspecialistadviceifnecessary.(8marks)(b)Communicatingfindingstotheauditcommittee:*Provideadetailedbriefingonthetaxinvestigationtotheauditcommittee.*Explainthepotentialimpactoftheinvestigationonthefinancialstatementsandthecompany'soperations.*Describetheproceduresperformedtoobtainauditevidenceregardingtheinvestigation.*Answerquestionsfromtheauditcommitteeandprovideadditionalinformationasneeded.(7marks)(c)Actionsiftheauditcommitteeisunresponsive:*Documentthecommunicationwiththeauditcommitteeandthelackofresponse.*Considercommunicatingwiththechairoftheauditcommitteedirectly.*Iftheauditcommitteeremainsunresponsive,considercommunicatingwiththosechargedwithgovernanceatahigherlevel.*Inseverecases,considercommunicatingwiththerelevantregulatoryauthorities.(5marks)Scenario3:ZetaCorporationQuestion6:(a)Criteriatoevaluateobjectiveevidencefrominternalaudit:*Objectivityandindependenceoftheinternalauditfunction.*Competenceandprofessionalismoftheinternalauditpersonnel.*Scopeandnatureoftheinternalauditworkperformed.*Documentationandevidencesupportingtheinternalauditfindings.*Timelinessoftheinternalauditwork.(8marks)(b)Procedurestodeterminesuitabilityofinternalauditwork:*Reviewtheinternalauditplanandobjectivestodetermineiftheyarerelevanttotheaudit.*Evaluatetheriskofmaterialmisstatementaddressedbytheinternalauditwork.*Assesstheappropriatenessoftheinternalauditproceduresperformed.*Reviewtheinternalauditworkpaperstoensuretheyprovidesufficientevidence.*Considertheinternalauditfunction'sindependenceandobjectivity.(8marks)(c)Modifyingtheauditapproachifutilizinginternalauditwork:*Performprocedurestoconfirmthattheinternalauditworkwasperformedinaccordancewithgenerallyacceptedinternalauditstandards.*Performadditionalproceduresiftheinternalauditworkisnotsufficientorappropriate.*Documenttherelianceontheinternalauditworkandtheadditionalproceduresperformed.(6marks)Question7:Procedurestodeterminetheoveralleff