2025年ACCAF8审计强化练习精选.docxVIP

2025年ACCAF8审计强化练习精选

考试时间：______分钟总分：______分姓名：______

Question1:

YouaretheauditmanageroftheauditengagementteamforAlphaLimited,acompanypreparingitsfinancialstatementsfortheyearended31December2024.AlphaLimitedisamedium-sizedcompanyoperatingintheretailsector.Theauditreportdated31December2024isexpectedtobeissuedinearlyApril2025.

Required:

a)Explaintheconceptofdueprofessionalcareinthecontextofanauditengagementanddescribethekeyresponsibilitiesoftheauditorsinrelationtoit.

b)Describethemainstepsyouwouldtypicallyincludeintheplanningphaseofanauditengagement,highlightinghowprofessionalskepticismshouldbeappliedthroughoutthisprocess.

c)AlphaLimitedhasrecentlyimplementedanewenterpriseresourceplanning(ERP)system.DescribethekeyrisksassociatedwiththetransitiontoanewERPsystemandthenatureoftheauditproceduresyouwouldperformtoobtainauditevidenceabouttherisksandcontrolsrelatedtothissystem.

Question2:

AspartoftheauditofBetaLimitedfortheyearended31December2024,youhaveidentifiedthefollowing:

i)Significantfluctuationsinsalesrevenuewhencomparedwithprioryearsandindustrytrends.

ii)Complexrevenuerecognitionarrangements,particularlyrelatedtolong-termcontractsinvolvingmultipleperformanceobligations.

iii)Asignificantincreaseinaccountsreceivablebalance,partlyattributedtosalesmadeoncredittonewcustomersinemergingmarkets.

Required:

a)Describethenatureofanalyticalproceduresandtheirobjectiveinanaudit.Explainhowyouwoulddesignandperformanalyticalprocedurestoaddressrisk(i)above.

b)ExplaintherequirementsofIFRS15regardingthederecognitionofrevenue.DescribethekeyauditconsiderationsandproceduresyouwouldapplywhenauditingrevenuerecognizedunderIFRS15,focusingonthederecognitioncriteria.

c)Describetherisksofmaterialmisstatementa