109年 - 109中原大學_碩士班招生考試_會計學系︰審計學#101446

科目：研究所、轉學考(插大)◆審計學 | 年份：109年 | 選擇題數：12 | 申論題數：20

試卷資訊

所屬科目：研究所、轉學考(插大)◆審計學

選擇題 (12)

1. Which of the following statements is TRUE? (A) It is common to use a combination of positive and negative confirmations by sending the latter to accounts with large balances and the former to those with small balances. (B) When a customer disagrees with the amount shown on an account receivable confirmation, the auditor should not ask the client to reconcile the difference. (C) The confirmations must be mailed by the auditor, but should contain the return address of the client. (D) Negative confirmations normally require a larger sample size than positive confirmations.

2. You are auditing the company's purchasing process for goods and services. You are primarily concerned with the company not recording all purchase transactions. Which audit procedure below would be the most effective audit procedure in this case? (A) vouching from the accounts payable account to the vendor invoices (B) tracing vendor invoices to recorded amounts in the accounts payable account (C) confirming accounts payable recorded amounts (D) reconciling the accounts payable subsidiary ledger to the accounts payable account

3. Which of the following would most likely not be classified as a related-party transaction? (A) an advance of one week's salary to an employee (B) sales of merchandise between affiliated companies (C) loans or credit sales to the principal owner of the client company (D) exchanges of equipment between two companies owned by the same person

複選題
4. Risk assessment procedures include (A) a required discussion among the staff members of the audit and the client regarding material misstatements in the financial statement. (B) determination of the type of audit opinion to issue. (C) observation of the entity's operations. (D) assessing acceptable audit risk.

5. When management has an adequate level of integrity for the auditor to accept the engagement but cannot be regarded as completely honest in all dealings, auditors normally (A) reduce acceptable audit risk and increase inherent risk. (B) reduce inherent risk and control risk. (C) increase inherent risk and control risk. (D) increase acceptable audit risk and reduce inherent risk.

6. The test of details of balances procedure that requires the auditor to foot the outstanding check and electronic payment list and deposits in transit is an attempt to satisfy which audit objective? (A) cutoff (B) presentation and disclosure (C) detail tie-in (D) completeness

7. Which of the following is not a common audit procedure used to search for contingent liabilities? (A) examine letters of credit (B) examine payroll reports (C) review internal revenue agent reports (D) analyze legal expense

8. Which of the following statements is FALSE? (A) It is possible for management to design an ideal and effective system of internal controls for example over the counting of the physical inventory. (B) If an auditor wishes to rely on the work of internal auditors (IA), the auditor must obtain satisfactory evidence related to the IA's competence, integrity, and objectivity. (C) Personnel responsible for performing internal verification procedures must be independent of those originally responsible for preparing the data. (D) Parallel testing is used when old and new systems are operated simultaneously in all locations.

9. The test of transactions which requires one to "reconcile recorded cash disbursements with the cash disbursements on the bank statement" satisfies the objective of (A) occurrence. (B) completeness. (C) accuracy. (D) posting and summarization.

10. Which of the following would the auditor be most concerned about regarding a heightened risk of intentional misstatement? (A) Senior management emphasizes that it is very important to beat analyst estimates of earnings every reporting period. (B) Senior management emphasizes that budgeted amounts for expenses are to be achieved for each reporting period or explained in the variance analysis report. (C) Senior management emphasizes that job rotation is a worthwhile corporate objective. (D) Senior management emphasizes that job evaluations are based on performance.

11. After the balance sheet date, but prior to the issuance of the audit report, the client suffers an uninsured loss of their inventory as a result of a fire. The amount of the loss is material. The auditor should (A) adjust the financial statements for the year under audit. (B) add a paragraph to the audit report. (C) advise the client to disclose the event in the notes to the financial statements. (D) advise the client to delay issuing the financial statements until the economic loss can be determined.

12. In which of the following circumstances would an auditor most likely express an adverse opinion? (A) The CEO refuses to let the auditor have access to the board of director meeting minutes. (B) Tests of controls show that the internal control structure is so poor that the auditor has to assess control risk at the maximum. (C) Information comes to the auditor's attention that raises substantial doubt about the ability for the client to continue as a going concern. (D) The financial statements are not in conformity with the IFRS statement on loss contingencies.

申論題 (20)

貳、簡答題

1. What is “Key Audit Matters”? Please explain.

2. Auditors are required to perform certain procedures in every audit to address the risk of management override of internal controls. What are these procedures?

3. There are several factors that affect engagement risk and, therefore, acceptable audit risk. Discuss three of these factors.

1. The financial statements contain several accounting estimates that are based on management assumptions.

2. The company has experienced difficulty in tracking property, plant, and equipment.

3. Henderson operates in a regulated industry, which increases regulatory oversight and need for compliance with regulations.

4. The company’s stock is publicly traded.

5. The audit engagement staff have experience in auditing energy and public companies.

6. Partner review of key accounts will be extensive.

7. The company has expanded its use of derivatives and hedging transactions.

8. Henderson has added competent accounting staff and has an internal audit function with direct reporting to the audit committee.

1. The auditor suspects that a kiting scheme exists because an accounting department employee who can issue and record checks seems to be leading an unusually luxurious lifestyle.

2. During tests of the reconciliation of the payroll bank account, the auditor notices that a check to an employee is significantly larger than other payroll checks.

3. The auditor suspects that a lapping scheme exists because an accounting department employee who has access to cash receipts also maintains the accounts receivable ledger and refuses to take any vacation or sick days.

4. The auditor suspects that the entity is inappropriately increasing the cash reported on its balance sheet by drawing a check on one account and not recording it as an outstanding check on that account and simultaneously recording it as a deposit in a second account.

5. The auditor noticed a significant increase in the number of times that petty cash was reimbursed during the year and suspects that the custodian is stealing from the petty cash fund.

1. Compare the client’s count of physical inventory at an interim date with the perpetual inventory master file.

2. Use audit software to compute inventory turnover by major product line and compare it to turnover in the prior year.

3. Account for a sequence of raw material requisitions and examine each requisition for an authorized approval.

4. Trace the auditor’s test counts recorded in the audit files to the final inventory compilation and compare the tag number, description, and quantity.