AA 試験問題を無料オンラインアクセス

The internal auditing department has been assigned to perform an audit of a division. Based on background review, the auditor knows the following about management policies:
Company policy is to rapidly promote divisional managers who show significant success. Thus, successful managers rarely stay at a division for more than three years.
A significant portion of division management's compensation comes in the form of bonuses based on the division's profitability.
The division was identified by senior management as a turnaround opportunity. The division is growing, but is not scheduled for a full audit by the external auditors this year. The division has been growing about 7% per year for the past three years and uses a standard cost system.
During the preliminary review, the auditor notes the following changes in financial data compared to the prior year:
Sales have increased by 10%.
Cost of goods sold has increased by 2%.
Inventory has increased by 15%.
Divisional net income has increased by 8%.
If the auditor decides that there are significant problems with the standard cost system, the next audit step to perform would be to

• A.Use generalised audit software to prepare a listing of gross margin by product by comparing standard cost with sales price. Select all high-gross-margin items for further investigation.
• B.Select a random sample of products and review the standard cost build-up by tracing purchases to the standard cost record.
• C.Interview divisional management to determine why the standard cost system has not been updated on a timely basis.
• D.Schedule all variances and determine their source and their disposition, that is, whether they are allocated to inventory or cost of goods sold.

The following is an extract from an independent accountant's unmodified report on a profit forecast:
'Based on our examination of the evidence supporting the assumptions, nothing has come to our attention which causes us to believe that these assumptions do not provide a reasonable basis for the forecast.'
Which of the following is the most appropriate type of assurance provided by this statement?

• A.Negative assurance expressed positively
• B.Limited level of assurance expressed negatively
• C.Positive assurance expressed negatively
• D.High level of assurance expressed negatively

Audit documentation provides evidence that the audit complies with the ISAs. However, it is neither necessary nor practicable for the auditor to document every matter considered, or professional judgment made, in an audit. Further, it is unnecessary for the auditor to document separately (as in a checklist, for example) compliance with matters for which compliance isdemonstrated by documents included within the audit file. For example the existence of an adequately documented audit plan demonstrates that the auditor has planned the audit.
Which one of the following is not an objective of audit planning?

• A.To ensure appropriate attention is devoted to the important areas of the audit
• B.To assign work to members of the audit team
• C.To determine the scope of the engagement
• D.To identify potential problems and resolve them on a timely basis

In exceptional circumstances, the auditor may judge it necessary to depart from a relevant requirement in an ISA.
In the country Bepara, financial reporting authority's requirement regarding recognition of agricultural assets is stricter than guided in IAS.
Under the circumstances, what will be the BEST action by the auditor of Xyl Ltd in Bepara?

• A.The auditor shall perform alternative audit procedures for Xyl Ltd to achieve the aim of the requirement.
• B.The auditor shall perform complex audit procedures for Xyl Ltd to achieve the aim of the requirement.
• C.The auditor shall perform local audit procedures to achieve the aim of the requirement.
• D.The auditor shall not perform any audit activity for agricultural asset of Xyl Ltd.

A subsidiary president terminated a controller and hired a replacement without the required corporate approvals. Sales, cash flow, and profit statistics were then manipulated by the newcontroller and president via accelerated depreciation and sale of capital assets to obtain larger performance bonuses for the controller and the subsidiary president.
Which of the following approaches might detect this fraudulent activity?

• A.Periodic changes of outside public accountants.
• B.Exit interview for all terminated employees.
• C.Analysis of overall management control for segregation of duties.
• D.Regular analytical review of operating divisions.