AA試験無料問題集（80題）「CPA Audit & Insurance 認定」

出題：1

The financial statements are the management's responsibility. They should therefore inform the auditors of any material subsequent events between the date of the auditor's report and the date the financial statements are issued. If, after the date of the auditor's report but before the financial statements are issued, the auditor becomes aware of a fact that, had it been known to the auditor at the date of the auditor's report, may have caused the auditor to amend the auditor's report.
In the above situation, which of the following may NOT be an appropriate action taken by the auditor?

A. Issue a new audit report dated no earlier than the date of approval of the amended financial statements

B. Inquire how management intends to address the matter in the financial statements

C. Consider whether the financial statements need amendment

D. Discuss the matter with the management

正解：A 解答を投票する

出題：2

Julia is a member of a professional accountancy body who works in industry at KiwiCorp plc, a listed company. The company is experiencing difficulty meeting the expectations of the market, and Julia has been told by the board of directors that the company must meet
its optimistic profit targets at the year end. To achieve this target and for good corporate governance practice KiwiCorp is to set an active audit committee.
Which of the following statements about audit committee is NOT correct?

A. Listed companies are required to have an audit committee

B. Audit committees are considered to be good practice for all large companies

C. At least 50% of the members of an audit committee must be non-executive directors

D. Audit committees are an important aspect of a company's control environment

正解：C 解答を投票する

出題：3

ISA 315 Identifying and Assessing the Risks of Material Misstatement requires an understanding of the legal and regulatory framework applicable to the client and the industry sector in which it operates.
With respect to ISA 315, which one of the following procedures would not be used in understanding the entity and its environment?

A. Inquiries of third parties

B. Analytical procedures

C. Inquiries of management and others within the entity

D. Observation and inspection

正解：A 解答を投票する

出題：4

A personnel department is responsible for processing placement agency fees for new hires. A recruiter established some bogus placement agencies and, when interviewing walk-in applicants, the recruiter would list one of the bogus agencies as referring the candidate.
A possible means of detection or deterrence is to

A. Monitor the closeness of the relationships of recruiters with specific vendors.

B. Process all personnel agency invoices via a purchase order through the purchasing department.

C. Require all employees to sign an annual conflict of interest statement.

D. Verify new vendors to firms listed in a professional association catalog and/or verify the vendor name and address through the telephone book.

正解：D 解答を投票する

出題：5

During an operational audit, an auditor observes a large number of aboveground storage containers and a large amount of black emissions from a company smokestack. The organisation has an environmental safety department. The audit engagement is not designed to consider environmental concerns. The best course of audit action would be to

A. Report the observations to the audit committee and seek their advice on whether the audit should be expanded for the environmental audit.

B. Inquire of local management as to the use of the storage tanks in order to determine if they are properly classified as an asset. Do not take action on the environmental issues because the auditor is untrained in the area, and such action is the responsibility of an already existing department.

C. Make a note to consider environmental risk concerns when developing the audit plan for the next year, but do not expand the scope of the existing audit since the budget and risk priorities are already set.

D. Document the observations and report them to the environmental safety department.
Determine if their response will be timely, and follow up to determine if they have taken timely action.

正解：D 解答を投票する

出題：6

Jones & Co is the external auditor of Blue plc, a listed company. The directors of Blue plc have requested that Jones & Co carry out a review engagement assessing the effectiveness of its corporate governance policies against the UK Corporate Governance Code.
For the above review engagement, select which part of the engagement description constitutes the subject matter?

A. Jones & Co

B. Blue plc's corporate governance policies

C. The directors of Blue plc

D. The UK Corporate Governance Code

正解：B 解答を投票する

出題：7

A firm's inventory consisted of 5,000 various types of stocks, 100 of which accounted for 75% of the total monetary value. The most recent regular quarterly manual count revealed that there was an unnecessary two years' supply of the more expensive items.
The control that would best help to correct this oversupply problem is

A. Use of a control total over the number of unique inventory items.

B. Limit check on the total monetary value of the inventory.

C. Maintain perpetual inventory of the larger dollar value items in the inventory.

D. Use of authorising signatures on requisitions for inventory requested by production.

正解：C 解答を投票する

出題：8

When you audit a company, your main goal is to provide assurance to the users of the company's financial statements that those documents are free of material misstatement. You use the audit risk model, which consists of inherent, control, and detection risk on your client's financial statements.
'Audit risk' here does refer to________________.

A. events arising in connection with the audit of financial statements

B. adverse publicity

C. process of auditing

D. loss from litigation

正解：C 解答を投票する

AA試験無料問題集「CPA Audit & Insurance 認定」