2025年ACCAF8审计重点练习卷.docxVIP

2025年ACCAF8审计重点练习卷

考试时间：______分钟总分：______分姓名：______

Question1:

YouareanauditmanageratAlphaLimited,asmallandmedium-sizedpractice.YouareleadingtheauditofthefinancialstatementsofBetaCompanyfortheyearended31December2024.BetaCompanyisamanufacturerofspecializedindustrialcomponents.Theauditteamconsistsofanauditsenior,anauditmanager(notyou),andtwoauditassistants.

BetaCompanyoperatesfromasinglefactoryandhasarelativelysimpleorganizationalstructure.Theaccountspayableledgerbalanceat31December2024is$450,000.Theaccountspayablemanager,whohasbeenwiththecompanyforfiveyears,processesinvoicesandauthorizespayments.Theaccountspayableledgerismaintainedelectronically.TheinternalauditdepartmentofBetaCompanyconductedareviewoftheaccountspayableprocesslastyearandidentifiednosignificantissues.

Theyear-endbalancesforaccountspayablehavefluctuatedsignificantlyoverthepastthreeyears,withincreasesprimarilyoccurringinthelastquarterofeachyear.BetaCompanysmainsupplierstypicallyinvoicemonthly,andpaymentsaregenerallymadewithin30days.However,somesuppliersreportreceivingpaymentsaslateas60days.

TheauditteamplanstoperformanalyticalproceduresontheaccountspayablebalancesandAginganalysisaspartoftheriskassessmentprocess.YoudecidetoincludetheaccountspayablebalanceasaKeyAuditMatter(KAM).

Required:

a)DescribethekeyauditrisksyouwouldexpecttoidentifyintheaccountspayablebalanceatBetaCompany.Supportyouranswerwithrelevantexamples.

b)Outlinethekeyauditproceduresyouwoulddesigntoaddressthekeyauditrisksidentifiedin(a).Foreachprocedure,brieflyexplainwhyitisrelevant.

c)ExplainwhytheaccountspayablebalancemaybeselectedasaKeyAuditMatter.DescribethenatureoftheauditevidenceyouwouldobtaintosupporttheKAM.

Question2:

Youaretheleadaud