一番質高い AA 試験問題集

When preparing audit documentation, the auditor of a smaller entity may find it helpful and efficient to record various aspects of the audit together in a single document, with cross-references to supporting working papers as appropriate. Examples of matters that may bedocumented together in the audit of a smaller entity include the understanding of the entity and its internal control, the overall audit strategy and audit plan, materiality, assessed risks, significant matters noted during the audit, and conclusions reached.
Which one of the following would not be included in the overall audit strategy?

• A. Details of economic factors and industry conditions
• B. Confirmation of management's responsibility for the financial statements
• C. Identification of specific audit risks
• D. The results of initial analytical procedures

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

A significant employee fraud took place shortly after an internal audit. The internal auditor
may not have properly fulfilled the responsibility for the deterrence of fraud by failing to note and report that

• A. A system of control that depended on separation of duties could be circumvented by collusion among three employees.
• B. Policies, practices, and procedures to monitor activities and safeguard assets were less extensive in low-risk areas than in high-risk areas.
• C. There were no written policies describing prohibited activities and the action required whenever violations are discovered.
• D. Divisional employees had not been properly trained to distinguish between bona fide signatures and cleverly forged ones on authorisation forms.

A company hired a highly qualified accounts payable manager who had been terminated from another company for alleged wrongdoing. Six months later the manager diverted $28,570 by sending duplicate payments of invoices to a relative.
A control that might have prevented this situation would be to

• A. Verify educational background of all new employees.
• B. Check to see if close relatives work for vendors.
• C. Not hire individuals who appear overqualified for job.
• D. Adequately check prior employment backgrounds for all new employees.

Grey Ltd has recently discovered that it has been paying invoices in respect of goods which had been returned as faulty prior to acceptance. It is company policy to record goods only if they have been accepted.
Which of the following controls would be useful in preventing such incidence in future?

• A. Matching of purchase invoices with goods received notes
• B. Date stamping purchase invoices on receipt
• C. Matching of purchase invoices with orders
• D. Comparison of supplier statements with payables ledger accounts