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Professional Level – Options Module T
N
I
Advanced Audit and (
Assurance
(International) 7
Tuesday 3 June 2008 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 a senior audit manager in Mitchell Co, a firm of Chartered Certified Accountants. You are reviewing some
information regarding a potential new audit client, Medix Co, a supplier of medical instruments. Extracts from notes
taken at a meeting that you recently held with the finance director of Medix Co, Ricardo Feller, are shown below:
Meeting notes – meeting held 1 June 2008 with Ricardo Feller
Medix Co is a provider of specialised surgical instruments used in medical procedu
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