2009年6月特许公认会计师（ACCA）F8考试真题及答案

Audit and Assurance
(International)
Wednesday 3 June 2009

2 (a) List and explain FOUR methods of selecting a sample of items to test from a population in accordance with
ISA 530 (Redrafted) Audit Sampling and Other Means of Testing. (4 marks)
(b) List and explain FOUR assertions from ISA 500 Audit Evidence that relate to the recording of classes of
transactions. (4 marks)
(c) In terms of audit reports, explain the term ‘modified’. (2 marks)
(10 marks)
3 Following a competitive tender, your audit firm Cal & Co has just gained a new audit client Tirrol Co. You are the
manager in charge of planning the audit work. Tirrol Co’s year end is 30 June 2009 with a scheduled date to complete
the audit of 15 August 2009. The date now is 3 June 2009.
Tirrol Co provides repair services to motor vehicles from 25 different locations. All inventory, sales and purchasing
systems are computerised, with each location maintaining its own computer system. The software in each location is
the same because the programs were written specifically for Tirrol Co by a reputable software house. Data from each
location is amalgamated on a monthly basis at Tirrol Co’s head office to produce management and financial accounts.
You are currently planning your audit approach for Tirrol Co. One option being considered is to re-write Cal & Co’s
audit software to interrogate the computerised inventory systems in each location of Tirrol Co (except for head office)
as part of inventory valuation testing. However, you have also been informed that any computer testing will have to
be on a live basis and you are aware that July is a major holiday period for your audit firm.
Required:
(a) (i) Explain the benefits of using audit software in the audit of Tirrol Co; (4 marks)
(ii) Explain the problems that may be encountered in the audit of Tirrol Co and for each problem, explain
how that problem could be overcome. (10 marks)
(b) Following a discussion with the management at Tirrol Co you now understand that the internal audit department
are prepared to assist with the statutory audit. Specifically, the chief internal auditor is prepared to provide you
with documentation on the computerised inventory systems at Tirrol Co. The documentation provides details of