ACCAFAuditandAssurance2025年审计模拟卷.docxVIP

ACCAFAuditandAssurance2025年审计模拟卷

考试时间：______分钟总分：______分姓名：______

Question1:

SmithJones,auditors,areplanningtheauditofthefinancialstatementsofAlphaLimitedfortheyearended31December2024.AlphaLimitedisacompanywhosesharesaretradedonarecognizedstockexchange.Theauditreportwillbeissuedtotheshareholders.

Required:

(a)DescribetheprincipallegaldutiesimposedonauditorsbytheUKCompaniesAct2006inrelationtotheauditofthefinancialstatementsofapubliccompany.

(8marks)

(b)Explaintheconceptofreasonableassuranceasitappliestoanauditoffinancialstatements.Whyisreasonableassuranceconsideredappropriateforanauditengagementwhenconsideringthenatureoffinancialstatementassertions?

(7marks)

(c)Identifythreekeyqualitativecharacteristicsofauditevidence.Foreachcharacteristic,brieflydescribeitsmeaninginthecontextofanaudit.

(6marks)

Question2:

DuringtheauditofBetaLimitedfortheyearended31December2024,theauditorsidentifiedthefollowingmatters:

(i)Managementpreparedacashbudgetfor2024whichprojectedacashdeficitinDecember.However,actualcashreceiptsexceededprojectionsandthecompanyendedtheyearwithasignificantcashsurplus.

(ii)BetaLimitedhasapolicyofwritingoffinventorythatisdamagedorobsolete.Thepolicyrequiresmanagementtoobtainwrittenauthorizationfromthecompanysecretaryforthewrite-offofinventoryitemsvaluedatover￡500.

(iii)Themanagementaccountantreliesheavilyonpre-numberedinvoicesforrecordingsales.However,theauditorsnotedthatabatchof20invoicesnumberedfrom88100to88119wasmissing.

Required:

(a)Describetheconceptofmaterialityinanaudit.Explainhowmaterialityisusedbyauditorsinplanningandperforminganaudit.

(7marks)

(b)Foreachofthematters(i),(ii),and(iii)identifiedabove,describeapotentialrisktothefinancialstatements.Foreachrisk,recomme