2025年ACCAF8审计模拟试卷及答案

2025年ACCAF8审计模拟试卷及答案考试时间：______分钟总分：______分姓名：______试卷内容Instructions:Pleaseanswerallthequestionsinthespacesprovided.Question1XYZLimitedisacompanywhosesharesaretradedontheLondonStockExchange.Theauditorsareapplyingtheprinciplesofriskassessmenttoobtainanunderstandingofthecompany'sinternalcontrolrelevanttotheauditoffinancialstatements.Thefollowinginformationrelatestotheinternalcontrolenvironmentandthekeyinternalcontrolsovertherecordingofcashreceipts.Required:(a)Explaintheterm'internalcontrolenvironment'anditsimportanceinthecontextofanauditoffinancialstatements.(b)Identifythreedifferentkeyinternalcontrolsovertherecordingofcashreceiptsthattheauditorswouldexpecttofindinawell-controlledorganisation.Foreachcontrolidentified,describehowithelpstoensurethereliabilityofthecashreceiptsrecordedinthefinancialstatements.Question2TheauditorsareconductinganauditofthefinancialstatementsofABCLimitedfortheyearended31December2024.Thefollowinginformationhasbeenidentifiedduringtheriskassessmentprocedures:(i)ABCLimitedoperatesinanindustrywheretechnologicalchangeisrapid.Thecompanyinvestssignificantlyinresearchanddevelopment(R&D)eachyear.(ii)Theaccountsreceivablebalanceat31December2024is£2.4million,anincreaseof15%fromthepreviousyear.Theincreaseisprimarilyduetoanewcreditpolicyimplementedinmid-2024toexpandmarketshare.(iii)ABCLimitedusesajust-in-timeinventorysystemandholdsverylowlevelsofinventory.Theinventory周转率ishigh.(iv)Thecompanyhasenteredintoasignificantnewlong-termcontractforthesupplyofitsmainproduct.Required:(a)Foreachof(i)to(iv)above,identifyapotentialauditriskrelatedtothefinancialstatementsofABCLimitedfortheyearended31December2024.(b)Foreachriskidentifiedin(a),describeonespecificauditprocedurethattheauditorsshouldconsiderperformingtoobtainauditevidenceabouttherisk.Question3TheauditorsareplanningtheauditofthefinancialstatementsofDEFLimitedfortheyearended31December2024.DEFLimitedisaprivatecompanyandisnotsubjecttoIFRS.ItsfinancialstatementsarepreparedinaccordancewithUKGAAP.Thefollowinginformationisrelevanttotheauditplanning:(i)DEFLimitedhasacomplexownershipstructure,withsignificantinfluenceheldbytwounrelatedinvestmentcompanies.(ii)Thecompanyhasmadesignificantinvestmentsinproperty,plant,andequipment(PPE),includingalargefactorycomplexlocatedabroad.(iii)DEFLimitedoutsourcestheproductionofacomponentpartofitsmainproducttoasinglesupplierlocatedoverseas.(iv)Thecompanypreparesitsfinancialstatementsusingacashbasisfortaxpurposes,butpreparesfinancialstatementsonanaccrualbasisforinternalmanagementandfortheaudit.Required:(a)Identifyonesignificantauditriskforeachof(i)to(iv)above.Foreachriskidentified,statewhetheritgivesrisetoariskofmaterialmisstatementduetoerrororduetofraud.(b)Theauditorsplantouseanalyticalproceduresasasubstantivetestfortherevenueaccount.Describetwodifferentanalyticalproceduresthattheauditorscouldperformandexplainhoweachprocedurecouldhelptoidentifyamaterialmisstatementintherevenueaccount.Question4TheauditorshavecompletedtheauditfieldworkforGHILimitedfortheyearended31December2024.Thefinancialstatementshavebeenissuedtotheshareholders.Thefollowingmattershavebeenidentified:(i)Duringtheaudit,theauditorsidentifiedanumberofminordeparturesfromIFRS.Thesedepartureshavebeendocumentedontheauditworkpapersandthemanagementletterhasbeenissuedtotheauditcommitteeandmanagement,highlightingthesematters.(ii)TheauditorshavebecomeawareofanongoingclassactionlawsuitagainstGHILimited,whichwasinitiatedbyaformeremployee.Thelawsuitrelatestoallegedunfairdismissalandisexpectedtoresultinapaymenttotheformeremployee,buttheamountiscurrentlyuncertain.Managementhasnotyetmadeanyprovisionforthispotentialliability.(iii)Theauditorshaveconcludedthatthefinancialstatementsarefairlypresentedinallmaterialrespectsexceptforoneitem:thedepreciationchargeonamajorpieceofequipmentisunderstatedduetotheuseofaninappropriatedepreciationmethod.Managementisunwillingtomakeanadjustmenttothefinancialstatements.Required:(a)Foreachof(i)to(iii)above,statetheauditors'appropriateresponse,includinganyrequiredauditdocumentationandcommunication.(b)Describetheauditors'responsibilitieswhenmanagementisunwillingtomakearecommendedadjustmentidentifiedduringtheaudit.Question5TheauditorsarereviewingtheauditworkpapersfortheauditofJKLLimitedfortheyearended31December2024.Thefollowinginformationhasbeenfound:(i)Theauditplanwasapprovedbytheauditmanagerbutnotbytheengagementpartner.(ii)Theauditworkpapersforasignificanttestofdetailsforaccountsreceivabledonotincludesufficientevidencetosupporttheconclusionreachedbytheauditors.However,theengagementpartnerhasissuedareviewreportontheauditworkpapers,statingthattheyareadequate.(iii)Aseniorauditmanagerwhowasinvolvedinplanningtheauditandperformingauditworkhasleftthefirmduringthelatterpartoftheauditfieldwork.Nodocumentationhasbeenpreparedtodemonstratethehandoverofresponsibilitiesandthereviewoftheworkperformedbythisseniorauditmanager.Required:(a)Foreachof(i)to(iii)above,statewhetherthesituationrepresentsadeficiencyorasignificantdeficiencyinthequalityofauditwork,andexplainyouranswer.(b)Describetheauditors'responsibilitieswhenasignificantdeficiencyisidentifiedduringthereviewoftheauditworkpapers.Question6TheauditorsareconsideringtheuseofdataanalyticsintheauditofMNOLimitedfortheyearended31December2024.MNOLimitedisalargecompanywithextensivetransactiondata.Required:(a)Describetwodifferentwaysinwhichdataanalyticscanbeusedbytheauditorsduringtheauditplanningandriskassessmentstages.(b)Identifytwodifferenttypesofdataanalyticstechniquesthattheauditorscouldusetoperformatestofdetailsontheaccountspayablebalance.Foreachtechnique,describehowitcouldbeusedtohelptheauditorsobtainappropriateauditevidence.Question7TheauditorsarepreparingtheauditreportforPQRLimitedfortheyearended31December2024.Thefollowinginformationisrelevant:(i)TheauditorshaveconcludedthatthefinancialstatementsarefairlypresentedinallmaterialrespectsinaccordancewithIFRS.(ii)Theauditorshaveidentifiedonesignificantdeficiencybutnomaterialweaknessesinthecompany'sinternalcontrol.Thesignificantdeficiencyhasbeencommunicatedtomanagementandtheauditcommittee.(iii)TheauditwasconductedinaccordancewithISAs.However,duetoalimitationontheauditors'accesstocertaininformationheldbyarelatedparty,theauditorswereunabletoobtainsufficientappropriateauditevidenceaboutaparticularitem.Thelimitationwasnotrectifiedduringtheauditfieldwork.Required:(a)Preparetheauditors'auditreportforPQRLimited,includingthetitle,addressee,reportdate,managementassertion,auditopinion,andsignatureoftheauditors.(b)Explainhowtheauditorsshouldmodifytheirauditreportinthecircumstancesdescribedin(ii)above.(c)Explainhowtheauditorsshouldmodifytheirauditreportinthecircumstancesdescribedin(iii)above.Question8TheauditorsareplanningtheauditofthefinancialstatementsofSTULimitedfortheyearended31December2024.STULimitedisaprivatecompanyownedbyitsfounder,whoholds95%ofthesharesand100%ofthevotingrights.Thefounderisalsothechiefexecutiveofficerofthecompany.Required:(a)IdentifytwodifferentauditrisksthatarespecificallyrelatedtotheownershipandmanagementstructureofSTULimited.Foreachrisk,describeonespecificauditprocedurethattheauditorsshouldconsiderperformingtoobtainauditevidenceabouttherisk.(b)Theauditorsareconcernedaboutthepotentialformanagementtooverridecontrols.DescribetwodifferentcontrolsthatcouldhelptomitigatetheriskofmanagementoverrideofcontrolsinacompanywithahighlyconcentratedownershipandmanagementstructurelikeSTULimited.(c)Explaintheauditors'responsibilitiesiftheyidentifysymptomsofmanagementfraudduringtheaudit,butareunabletoobtainsufficientappropriateauditevidencetosupportaconclusionaboutmaterialmisstatementduetofraud.试卷答案Question1(a)Theinternalcontrolenvironmentprovidestheoverallframeworkforcontrolwithinanorganisation.Itincludestheintegrityandethicalvaluesofthosechargedwithgovernanceandmanagement,themanagement'sphilosophyandoperatingstyle,theboardofdirectors'andauditcommittee'soversight,theorganisationstructure,assignmentofauthorityandresponsibility,andthehumanresourcepoliciesandpractices.Itisimportantbecauseitsetsthetoneoftheorganisationregardingcontrolanditssignificance.Astronginternalcontrolenvironmentgenerallyleadstomorereliablefinancialreportingandmoreeffectiveinternalcontrol.(b)Threekeyinternalcontrolsovertherecordingofcashreceiptsare:*Segregationofduties:Differentindividualsareresponsibleforreceivingcash,recordingcashreceipts,andmaintainingthecashrecords.Thispreventsanyoneindividualfrombothperpetratingandconcealingerrorsorfraud.Forexample,thecashierwhoreceivescashshouldnotbethesamepersonwhorecordsthecashreceiptintheaccountingsystem.*Useofpre-numberedreceipts:Allcashreceiptsshouldbedocumentedusingpre-numberedreceipts.Thisprovidesachronologicalsequenceoftransactionsandhelpstoensurethatallcashreceivedisrecorded.Italsofacilitatesthereconciliationofcashreceiptswiththecashrecords.*Regularreconciliationofcashreceipts:Thecashreceiptsjournalshouldberegularlyreconciledwiththebankstatementsandthecashonhand.Thishelpstoidentifyanydiscrepanciesorunrecordedcashreceipts.Thereconciliationshouldbeperformedbysomeoneindependentoftheindividualsresponsibleforreceivingandrecordingcash.Question2(a)Potentialauditrisks:(i)Overstatementofrevenueduetoaggressivesalestacticsorimproperrecognitionofrevenue.(ii)Misstatementofaccountsreceivableduetounrecordedsales,uncollectibleaccounts,orerrorsinrecording.(iii)Understatementofinventoryorobsoleteinventorythatcouldleadtoanoverstatementofcostofgoodssoldandanunderstatementofassets.(iv)Misstatementofassetsorliabilitiesrelatedtothenewlong-termcontract,suchasrecognitionofrevenueorassetsbeforetheyareearnedorrealized.(b)Auditprocedures:(i)Reviewsalescontracts,salesinvoices,andshippingdocumentstotestthetimingandvalidityofrevenuerecognition.(ii)Performanalyticalproceduresonaccountsreceivable,suchascomparingtheaccountsreceivablebalancetosalesandaginganalysis,andperformtestsofdetails,suchasconfirmationofaccountsreceivableandexaminationofsubsequentcashreceipts.(iii)Observeinventorycounts,inspectinventoryforobsolescence,andperformcut-offteststoensureinventoryiscorrectlyvalued.(iv)Reviewthetermsofthenewlong-termcontract,obtainlegaladviceifnecessary,andperformprocedurestoverifytheexistenceandvaluationofrelatedassetsorliabilities.Question3(a)Significantauditrisksandwhethertheyariseduetoerrororfraud:(i)Risk:Complexityofownershipstructureleadingtopotentialmanipulationoffinancialresultsbyrelatedparties.Thisriskgivesrisetoariskofmaterialmisstatementduetofraud.(ii)Risk:OverstatementofassetsduetoinappropriatevaluationofPPE,particularlytheforeignfactorycomplex.Thisriskgivesrisetoariskofmaterialmisstatementduetoerror(e.g.,misapplicationofaccountingstandards)orfraud(e.g.,intentionaloverstatement).(iii)Risk:Overstatementofrevenueorunderstatementofliabilitiesduetothesingleoverseassupplierpotentiallybeingunresponsiveoruncooperative.Thisriskgivesrisetoariskofmaterialmisstatementduetoerror(e.g.,failuretorecordliabilities)orfraud(e.g.,kickbacks).(iv)Risk:Revenuerecognitionorexpensecapitalizationbeingmanipulatedduetothedifferencebetweencashbasisfortaxandaccrualbasisforfinancialstatements.Thisriskgivesrisetoariskofmaterialmisstatementduetofraud.(b)Twodifferentanalyticalproceduresforrevenue:*Trendanalysis:Comparetherevenuefiguretopriorperiodstoidentifyunusualtrendsorfluctuations.Thiscouldhelptoidentifypotentialoverstatementorunderstatementofrevenue.*Ratioanalysis:Calculateandcomparekeyrevenue-relatedratios,suchasthegrossprofitmarginandtherevenueperemployee,toindustrybenchmarksorpriorperiods.Thiscouldhelptoidentifypotentialanomaliesinrevenuerecognitionorperformance.Question4(a)Appropriateresponses:(i)Documenttheminordeparturesintheauditworkpapers.Communicatethedeparturestomanagementandtheauditcommitteeinthemanagementletter.Nomodificationtotheauditreportisrequiredifthedeparturesarenotmaterial.(ii)Communicatethepotentialliabilitytomanagementandtheauditcommittee,andrecommendthataprovisionbemade.Ifmanagementrefusestomakeaprovision,documentthematterextensivelyandcommunicateittotheauditcommittee.Iftheauditcommitteeagreeswithmanagement'sposition,theauditorsmayissueaqualifiedopinionoranadverseopinion,dependingonthematerialityoftheomission.Iftheauditcommitteedisagrees,theauditorsmayconsiderwithdrawingfromtheengagement.(iii)Communicatetheissuetomanagementandtheauditcommittee,andrecommendtheadjustment.Ifmanagementrefusestomaketheadjustment,documentthematterextensively,includingmanagement'srefusal.Iftheadjustmentismaterial,theauditorsshouldissueaqualifiedopinionoranadverseopinion,dependingonthenatureandextentofthemisstatement.(b)Whenmanagementisunwillingtomakearecommendedadjustment,theauditorsshoulddocumentthematterextensively,includingthenatureoftheadjustment,theevidencesupportingtheadjustment,management'srefusal,andtheauditors'conclusions.Iftheadjustmentismaterial,theauditorsshouldconsidermodifyingtheirauditreport,potentiallyissuingaqualifiedopinionoranadverseopinion,orevenwithdrawingfromtheengagementiftheycannotobtainsufficientappropriateauditevidence.Question5(a)Deficiencies:(i)Deficiency:Theauditplanwasnotapprovedbytheengagementpartner.Thisisasignificantdeficiencybecauseitindicatesalackofappropriatesupervisionandqualitycontrol.(ii)Deficiency:Theauditworkpapersfortheaccountsreceivabletestdonotcontainsufficientevidence,buttheengagementpartnerhasreviewedthemandapprovedthem.Thisisasignificantdeficiencybecauseitraisesconcernsaboutthequalityoftheauditworkandtheeffectivenessofsupervision.(iii)Deficiency:Nodocumentationhasbeenpreparedforthehandoverofresponsibilitiesfortheseniorauditmanagerwholeftduringtheaudit.Thisisasignificantdeficiencybecauseitraisesconcernsaboutthecontinuityandqualityoftheauditwork.(b)Whenasignificantdeficiencyisidentifiedduringthereviewoftheauditworkpapers,theauditorsshouldcommunicatethesignificantdeficiencytothosechargedwithgovernance(e.g.,theauditcommittee).Ifthesignificantdeficiencyisnotcorrected,oriftheauditorsbelievethatthefinancialstatementsmaybemateriallymisstatedasaresult,theauditorsshouldconsidermodifyingtheirauditreport,potentiallyissuingaqualifiedopinionoranadverseopinion,orevenwithdrawingfromtheengagement.Question6(a)Twodifferentwaysdataanalyticscanbeusedinplanningandriskassessment:*Dataanalyticscanbeusedtoidentifyunusualpatternsortrendsintransactiondatathatmayindicatepotentialauditrisks.Forexample,itcanbeusedtoidentifytransactionsthatareoutliersintermsofamountortiming,whichmaywarrantfurtherinvestigation.*Dataanalyticscanbeusedtoperformriskassessmentsbyanalyzingdatatounderstandtheclient'sbusinessandidentifyareasofpotentialrisk.Forexample,itcanbeusedtoanalyzesalesdatatoidentifygeographicareasorproductlineswithhigherriskoffraudorerror.(b)Twodifferentdataanalyticstechniquesforaccountspayabletest:*Benford'sLaw:Thistechniquecanbeusedtoanalyzethefirstdigitsofaccountpayableamounts.Deviationsfromtheexpecteddistributionoffirstdigitsmayindicatepotentialerrorsorfraud.*ClusterAnalysis:Thistechniquecanbeusedtogroupsimilartransactionstogetherbasedonvariouscharacteristics,suchasvendor,amount,anddate.Thiscanhelptheauditorsidentifypotentialduplicatepaymentsorfraudulenttransactions.Question7(a)Auditreport:[Thefollowingisastandardunqualifiedopinionauditreport]IndependentAuditReportTotheMembersofXYZLimitedManagement'sResponsibilityfortheFinancialStatementsManagementisresponsibleforpreparingthefinancialstatementsthatgiveatrueandfairviewofthefinancialpositionofXYZLimitedasat31December2024anditsfinancialperformanceandcashflowsfortheyearthenendedinaccordancewithUKGAAP.Managementisalsoresponsiblefordesigning,implementingandmaintaininginternalcontrolrelevanttothepreparationandreliablepresentationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherduetoerrororfraud.Noneoftheauditors'dutiesunderanauditoffinancialstatementsincludesexpressinganopinionorprovidinganyassuranceontheeffectivenessofthecompany'sinternalcontrol.Auditors'ResponsibilityunderanAuditofFinancialStatementsInouropinion,thefinancialstatementsgiveatrueandfairviewofthefinancialpositionofXYZLimitedasat31December2024anditsfinancialperformanceandcashflowsfortheyearthenendedinaccordancewithUKGAAP.[Signatureoftheauditors](b)Modificationforsignificantdeficiency(qualifiedopinion):Ifthesignificantdeficiencyhadbeenmaterial,theauditreportwouldbemodifiedwithanexplanatoryparagraphdescribingthenatureofthesignificantdeficiencyanditspotentialeffectonthefinancialstatements.Theopinionwouldbechangedtoaqualifiedopinion.(c)Modificationforlimitationonscope(qualified