ACCA历年真题及答案P7（INT）-2013-dec-question-answer.pdf

) Professional Level – Options Module T N I Advanced Audit and ( Assurance (International) 7 Monday 2 December 2013 P r e Time allowed Reading and planning: 15 minutes p Writing: 3 hours This paper is divided into two sections: a Section A – BOTH questions are compulsory and MUST be attempted Section B – TWO questions ONLY to be attempted Do NOT open this paper until instructed by the supervisor. P During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Section A – BOTH questions are compulsory and MUST be attempted 1 You are an audit manager in Compton Co, responsible for the audit of the Stow Group (the Group). You are planning the audit of the Group financial statements for the year ending 31 December 2013. The Group’s projected profit before tax for the year is $200 million and projected total assets at 31 December are $2,500 million. The Group is a car manufacturer. Its operations are divided between a number of subsidiaries, some of which focus on manufacturing and distributing the cars, while ot