p7任务制20网课知识模块考前冲刺直播2017年12月考试.pptxVIP

ACCA考前冲刺直播;Core knowledge review; 考试形式 得分小贴士;Compare to F8: 1) P7 includes topics that were not included in F8, such as: ? Group audit ? Practice management topics (such as adverting and tendering) ? Professional liability and anti-money laundering 2) IFRS principles and their application is very important in P7 (占比约70%) ; 考试形式 得分小贴士; 考试形式 得分小贴士; 考试形式 得分小贴士; 考试形式 得分小贴士;Ethic - Fundamental Principles;Ethic - Threats to independence;1) Self-interest threat ;2) Intimidation threat ;3) Advocacy threat ;4) Self-review threat ;5) Familiarity threat ;(12/2014 Q1d) Connolly Co has approached its bank to extend its borrowing facilities. An extension of $10 million is being sought to its existing loan to support the on-going development of new drugs. Our firm has been asked by the bank to provide a guarantee in respect of this loan extension. Discuss the ethical issues relevant to the audit firm, and recommend appropriate actions to be taken. (7 marks) Issue：Provide guarantee in respect of loan. Note: Provide guarantee to audit client, similar to provide loan. Self-interest threat Auditor should not have financial interest in audit client Cannot ;Step 1 识别：Self-interest threat, for this is financial interest in audit client Step 2 评估：Significant self-interest threat, significance depends on materiality of the loan, potential loan=10, which is 10/200=5% of total assets, material Step 3 引用Code：According to IESBA code, prohibited, i.e. audit firm should not provide significant loan/ guarantee to audit client Step 4 措施：Auditor should decline the request politely and explain why ; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary; 会计准则 - Summary;Step 1 识别科目，计算重要性： 0.5% of revenue, 1% of total assets, 5% of PBT Step 2 引用会计