2008年12月特许公认会计师（ACCA）P7（Int）考试真题及答案

Advanced Audit and
Assurance
(International)
Tuesday 2 December 2008

2 (a) Define the following terms:
(i) Forensic Accounting;
(ii) Forensic Investigation;
(iii) Forensic Auditing. (6 marks)
You are a manager in the forensic investigation department of your audit firm. The directors of a local manufacturing
company, Crocus Co, have contacted your department regarding a suspected fraud, which has recently been
discovered operating in the company, and you have been asked to look into the matter further. You have held a
preliminary discussion with Gita Thrales, the finance director of Crocus Co, the notes of this conversation are shown
below:
Notes of discussion with Gita Thrales
Four months ago Crocus Co shut down one of its five factories, in response to deteriorating market conditions, with
all staff employed at the factory made redundant on the date of closure.
While monitoring the monthly management accounts, Gita performs analytical procedures on salary expenses. She
found that the monthly total payroll expense had reduced by 3% in the months following the factory closure – not
as much as expected, given that 20% of the total staff of the company had been made redundant. Initial
investigations performed last week by Gita revealed that many of the employees who had been made redundant
had actually remained on the payroll records, and salary payments in respect of these individuals were still being
made every month, with all payments going into the same bank account. As soon as she realised that there may
be a fraud being conducted within the company, Gita stopped any further payments in respect of the redundant
employees. She contacted our firm as she is unsure how to proceed, and would like our firm’s specialist department
to conduct an investigation.
Gita says that the senior accountant, Miles Rutland, has been absent from work since she conducted her initial