(c) The OECD’s Financial Action Task Force on Money Laundering (FATF) recommends preventative measures to be
taken by independent legal professionals and accountants (including sole practitioners, partners and employed
professionals within professional firms).
Required:
Describe FOUR measures that assist in preventing professional accountants from being used for money
laundering purposes. (8 marks)
第1题:
5 You are an audit manager in Bartolome, a firm of Chartered Certified Accountants. You have specific responsibility
for undertaking annual reviews of existing clients and advising whether an engagement can be properly continued.
The following matters have arisen in connection with recent assignments:
(a) Leon Dormido is the senior in charge of the audit of the financial statements of Moreno, a limited liability
company, for the year ending 30 June 2005. Moreno’s Chief Executive Officer, James Bay, has just sent you an
e-mail to advise you that Leon has been short-listed for the position of Finance Director. You were not previously
aware that Leon had applied for the position. (5 marks)
Required:
Comment on the ethical and other professional issues raised by each of the above matters and their implications,
if any, for the continuation of each assignment.
NOTE: The mark allocation is shown against each of the three issues.
第2题:
(b) Comment on the need for ethical guidance for accountants on money laundering. (4 marks)
第3题:
6 The explosive growth of investing and raising capital in the global markets has put new emphasis on the development
of international accounting, auditing and ethical standards. The International Federation of Accountants (IFAC) has
been at the forefront of the development of the worldwide accountancy profession through its activities in ethics,
auditing and education.
Required:
Explain the developments in each of the following areas and indicate how they affect Chartered Certified
Accountants:
(a) IFAC’s ‘Code of Ethics for Professional Accountants’; (5 marks)
第4题:
(d) Discuss the professional accountant’s liability for reporting on prospective financial information and the
measures that the professional accountant might take to reduce that liability. (6 marks)
第5题:
(c) Assess how the fundamental ethical principles of IFAC’s Code of Ethics for Professional Accountants should
be applied to the provision of a forensic investigation service. (6 marks)
第6题:
Which service component within the prepare phase recommends the appropriate technology strategy to address a business requirement of the customer?()
第7题:
Which service component within the prepare phase recommends the appropriate technology strategy to address a business requirement of the customer? Select exactly 1 answer(s) from the following:()。
第8题:
You use a Windows 2000 Professional computer to run a weekly accounts table. The report has the name ap_financial_reports. You also want to use the computer to run a task named perf_log to connect to network routers and retrieve their performance logs. When the ap_financial_reports is running on the computer, the perf_log task stops responding the eventually times out. When you run only the perf_log task, the task completes successfully. You use the task manager to view your system resources. You want to resolve the performance log time out problem by using task manager. What should you do?()
第9题:
You are the administrator of a Windows 2000 network. You need to store secured files for your company’s Accounting and Legal departments on a Windows 2000 Professional computer. You want to accomplish the following goals: • Enable users in both departments to access their own files from the network • Enable users in the Accounting department to view the Legal department’s documents • Prevent users in the Legal department from being able to view the Accounting department’s documents • Enable managers within the company to access and modify both the Accounting and the Legal department’s files You take the following actions: • Create two shared folders named Accounting and Legal • Create three groups named Accounting, Legal, and Management • Allow the Accounting group Modify permission on the Accounting folder • Allow the Accounting group Read permissions on the Legal folders. • Allow the Management group Modify permission on both the Accounting and Legal folders. Which result or results do these actions produce?()
第10题:
identifying what a customer requires from a proposed solution
analyzes the customer s business requirements and recommends the appropriate Cisco technologies to meet business requirements
determining what end-user training a customer requires
addressinga customer s physical requirements
第11题:
Decrease the base priority of the ap_financial_reports task.
Decrease the number of threads available for the ap_financial_reports task.
Increase the base priority of the perf_log task.
Increase the number of threats available for perf_log task.
第12题:
Implement the solution or escalate.
Perform a root cause analysis.
Establish a plan of action to resolve the problem.
Verify full system functionality and if applicable implement preventative measures.
第13题:
6 (a) Explain the term ‘money laundering’. (3 marks)
第14题:
5 You are an audit manager in Fox & Steeple, a firm of Chartered Certified Accountants, responsible for allocating staff
to the following three audits of financial statements for the year ending 31 December 2006:
(a) Blythe Co is a new audit client. This private company is a local manufacturer and distributor of sportswear. The
company’s finance director, Peter, sees little value in the audit and put it out to tender last year as a cost-cutting
exercise. In accordance with the requirements of the invitation to tender your firm indicated that there would not
be an interim audit.
(b) Huggins Co, a long-standing client, operates a national supermarket chain. Your firm provided Huggins Co with
corporate financial advice on obtaining a listing on a recognised stock exchange in 2005. Senior management
expects a thorough examination of the company’s computerised systems, and are also seeking assurance that
the annual report will not attract adverse criticism.
(c) Gray Co has been an audit client since 1999 after your firm advised management on a successful buyout. Gray
provides communication services and software solutions. Your firm provides Gray with technical advice on
financial reporting and tax services. Most recently you have been asked to conduct due diligence reviews on
potential acquisitions.
Required:
For these assignments, compare and contrast:
(i) the threats to independence;
(ii) the other professional and practical matters that arise; and
(iii) the implications for allocating staff.
(15 marks)
第15题:
5 (a) IFAC’s ‘Code of Ethics for Professional Accountants’ is divided into three parts:
Part A – Applicable to All Professional Accountants
Part B – Applicable to Professional Accountants in Public Practice
Part C – Applicable to Employed Professional Accountants
Required:
Distinguish between ‘Professional Accountants’, ‘Professional Accountants in Public Practice’ and ‘Employed
Professional Accountants’. (3 marks)
第16题:
4 You are an audit manager in Nate & Co, a firm of Chartered Certified Accountants. You are reviewing three situations,
which were recently discussed at the monthly audit managers’ meeting:
(1) Nate & Co has recently been approached by a potential new audit client, Fisher Co. Your firm is keen to take the
appointment and is currently carrying out client acceptance procedures. Fisher Co was recently incorporated by
Marcellus Fisher, with its main trade being the retailing of wooden storage boxes.
(2) Nate & Co provides the audit service to CF Co, a national financial services organisation. Due to a number of
errors in the recording of cash deposits from new customers that have been discovered by CF Co’s internal audit
team, the directors of CF Co have requested that your firm carry out a review of the financial information
technology systems. It has come to your attention that while working on the audit planning of CF Co, Jin Sayed,
one of the juniors on the audit team, who is a recent information technology graduate, spent three hours
providing advice to the internal audit team about how to improve the system. As far as you know, this advice has
not been used by the internal audit team.
(3) LA Shots Co is a manufacturer of bottled drinks, and has been an audit client of Nate & Co for five years. Two
audit juniors attended the annual inventory count last Monday. They reported that Brenda Mangle, the new
production manager of LA Shots Co, wanted the inventory count and audit procedures performed as quickly as
possible. As an incentive she offered the two juniors ten free bottles of ‘Super Juice’ from the end of the
production line. Brenda also invited them to join the LA Shots Co office party, which commenced at the end of
the inventory count. The inventory count and audit procedures were completed within two hours (the previous
year’s procedures lasted a full day), and the juniors then spent four hours at the office party.
Required:
(a) Define ‘money laundering’ and state the procedures specific to money laundering that should be considered
before, and on the acceptance of, the audit appointment of Fisher Co. (5 marks)
第17题:
You are an audit manager responsible for providing hot reviews on selected audit clients within your firm of Chartered
Certified Accountants. You are currently reviewing the audit working papers for Pulp Co, a long standing audit client,
for the year ended 31 January 2008. The draft statement of financial position (balance sheet) of Pulp Co shows total
assets of $12 million (2007 – $11·5 million).The audit senior has made the following comment in a summary of
issues for your review:
‘Pulp Co’s statement of financial position (balance sheet) shows a receivable classified as a current asset with a value
of $25,000. The only audit evidence we have requested and obtained is a management representation stating the
following:
(1) that the amount is owed to Pulp Co from Jarvis Co,
(2) that Jarvis Co is controlled by Pulp Co’s chairman, Peter Sheffield, and
(3) that the balance is likely to be received six months after Pulp Co’s year end.
The receivable was also outstanding at the last year end when an identical management representation was provided,
and our working papers noted that because the balance was immaterial no further work was considered necessary.
No disclosure has been made in the financial statements regarding the balance. Jarvis Co is not audited by our firm
and we have verified that Pulp Co does not own any shares in Jarvis Co.’
Required:
(b) In relation to the receivable recognised on the statement of financial position (balance sheet) of Pulp Co as
at 31 January 2008:
(i) Comment on the matters you should consider. (5 marks)
第18题:
You are Cisco Channel Partner Account Manager. Which service component within the preparephase recommends the appropriate technology strategy to address a business requirement of the customer?()
第19题:
After successfully testing a probable cause to an issue, which of the following is the NEXT troubleshooting step?()
第20题:
You are a professional level SQL Server 2005 database administrator in an international corporation named Wiikigo. You are experienced in implementing high-availability solutions, monitoring the database server, and design deployment. In the company, you major job is the deployment, maintenance and support of Microsoft SQL Server 2005. You work as a database administrator for your company. A user database named Products is included by your SQL Server 2005 computer. SQL Server Integration Services (SSIS) packages are utilized to export data from the Products database to a text file. You deliver the text file to your company’s trading partners by utilizing FTP. You are required to make sure that your SSIS packages can be recovered from the occurrence of a disaster. Which action should be performed to finish the task?()
第21题:
that
they
whose
those
第22题:
To finish the task,the Products database should be backed up.
To finish the task,your server should be set to utilize the full recovery model.
To finish the task,your server should be set to utilize the bulk-logged recovery model.
To finish the task, the msdb database should be backed up.
第23题:
Users in both departments can access to their own files from the network.
Users in the Accounting department can view the Legal department’s documents.
Users in the Legal department cannot view the Accounting department’s documents.
Company managers can access and modify both departments’ files.