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Professional Level – Options Module T
N
I
Advanced Audit and (
Assurance
(International) 7
Tuesday 8 June 2010 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 Certifi ed Accountants
Section A – BOTH questions are compulsory and MUST be attempted
1 You are a senior audit manager in Vegas Co, responsible for the audit of the Grissom Group, which has been an audit
client for several years. The group companies all have a fi nancial year ending 30 June 2010, and you are currently
planning the fi nal audit of the consolidated fi nancial statements. The group’s operations focus on the manufacture and
marketing of confectionery and savoury snacks. Information about several matters relevant to the group audit is given
b
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