泽稷网校ACCA真题演练

1.Auditors are required to comply with the requirements of International Standards on Auditing in the conduct of an audit.

Which of the following statements is true in relation to International Standards on Auditing?

A. They only apply to the audit of companies listed on international stock exchanges.

B. They are issued by the International Accounting Standards Board.

C. They are structured to contain objectives, definitions, requirements, and other explanatory material.

D. They do not apply to the audit of small companies with a revenue of under $7.6m.

E. They are issued by the International Auditing and Assurance Standards Board.

2.ISA 260 Communication with those charged with governance sets out guidance for auditors on the communication of audit matters with those charged with governance. Which of the following shall be communicated to those charged with governance?

A. The audit plan

B. Written representations

C. Significant difficulties encountered during the audit

D. Calculation of materiality

3.An incoming auditor wishes to have access to the working papers of the outgoing auditor to satisfy himself as to the accuracy of the opening balances.

In these circumstances what rights does the incoming auditor have?

A. No statutory right of access but the ethical guide requires the outgoing auditor to make working papers available in circumstances where the audit opinion has been qualified.

B. No statutory right of access but the ethical guide requires the outgoing auditor to make the working papers available unless prevented by the process of the law.

C. A statutory right of access to the working papers of the previous auditor.

D. No statutory or ethical right to access but the outgoing auditor would be expected to afford the incoming auditor reasonable cooperation in this matter.

4.Which of the following best describes a 'value for money' audit?

A. The audit of the environmental, economic and sustainability policies and procedures of a company.

B. The audit of the treasury function within government departments.

C. The audit of payroll software in the private sector.

D. An audit of the economy, efficiency and effectiveness of a department, function or other business unit.

5.At the start of the interim audit of Jenna Co, a long-standing client, what should be the proper order of the following procedures in assessing the accounting systems and internal control?

- C - Tests of controls

- E - Evaluation of the operation of the system

- U - Updating the systems documentation

- S - Substantive procedures

A. C, S, E, U.

B. U, E, C, S.

C. C, E, S, U.

D. U, C, E, S.