3 You are the manager responsible for the audit of Volcan, a long-established limited liability company. Volcan operates
a national supermarket chain of 23 stores, five of which are in the capital city, Urvina. All the stores are managed in
the same way with purchases being made through Volcan’s central buying department and product pricing, marketing,
advertising and human resources policies being decided centrally. The draft financial statements for the year ended
31 March 2005 show revenue of $303 million (2004 – $282 million), profit before taxation of $9·5 million (2004
– $7·3 million) and total assets of $178 million (2004 – $173 million).
The following issues arising during the final audit have been noted on a schedule of points for your attention:
(a) On 1 May 2005, Volcan announced its intention to downsize one of the stores in Urvina from a supermarket to
a ‘City Metro’ in response to a significant decline in the demand for supermarket-style. shopping in the capital.
The store will be closed throughout June, re-opening on 1 July 2005. Goodwill of $5·5 million was recognised
three years ago when this store, together with two others, was bought from a national competitor. It is Volcan’s
policy to write off goodwill over five years. (7 marks)
Required:
For each of the above issues:
(i) comment on the matters that you should consider; and
(ii) state the audit evidence that you should expect to find,
in undertaking your review of the audit working papers and financial statements of Volcan for the year ended
31 March 2005.
NOTE: The mark allocation is shown against each of the three issues.
第1题:
(c) In October 2004, Volcan commenced the development of a site in a valley of ‘outstanding natural beauty’ on
which to build a retail ‘megastore’ and warehouse in late 2005. Local government planning permission for the
development, which was received in April 2005, requires that three 100-year-old trees within the valley be
preserved and the surrounding valley be restored in 2006. Additions to property, plant and equipment during
the year include $4·4 million for the estimated cost of site restoration. This estimate includes a provision of
$0·4 million for the relocation of the 100-year-old trees.
In March 2005 the trees were chopped down to make way for a car park. A fine of $20,000 per tree was paid
to the local government in May 2005. (7 marks)
Required:
For each of the above issues:
(i) comment on the matters that you should consider; and
(ii) state the audit evidence that you should expect to find,
in undertaking your review of the audit working papers and financial statements of Volcan for the year ended
31 March 2005.
NOTE: The mark allocation is shown against each of the three issues.
第2题:
The square in front of the supermarket is so limited that when going there, first of all, you should consider ______your car.
A. parking
B. where to park
C. to park
D. where parking
7.答案为B 参考译文:超市前面的空地太小了,所以你去那儿首先要考虑在哪儿停车。用不定式作宾语,表示将要去做的具体的动作。而动名词作宾语是表示抽象的概念。
第3题:
You wish to enable an audit policy for all database users, except SYS, SYSTEM, and SCOTT.You issue the following statements:SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SYS;SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SYSTEM;SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SCOTT;For which database users is the audit policy now active?()
A. All users except SYS
B. All users except SCOTT
C. All users except sys and SCOTT
D. All users except sys, system, and SCOTT
第4题:
—You work for a small chain of clothing stores. The Managing Director has asked you to write a short report on last month's performance.
—Look at the charts and table below, on which you have already made some handwritten notes.
—Then, using all your handwritten notes, write the report for your Managing Director
—Write 120-140 words.
第5题:
Customs,upon boarding a vessel desiring entry into PRC port,would inspect which document? ______.
A.Cargo Manifest
B.Certified Crew List
C.Stores List
D.All of the above
第6题:
第7题:
You wish to enable an audit policy for all database users, except SYS, SYSTEM, and SCOTT.You issue the following statements: SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SYS;SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SYSTEM; SQL> AUDIT POLICY ORA_DATABASE_PARAMETER EXCEPT SCOTT; For which database users is the audit policy now active?()
第8题:
Your network consists of a single Active Directory domain. All domain controllers run Windows Server 2008 R2. You need to plan an auditing strategy that meets the following requirements: èAudits all changes to Active Directory Domain Services (AD?DS) èStores all auditing data in a central location. What should you include in your plan?()
第9题:
第10题:
Up to five gallons of a flammable liquid may be stowed in the engine room
All stores of line,rags,linens and other similar type stores must be certified by UL as being fire retardant
Cylinders containing compressed gasses must be constructed and tested in accordance with the Bureau of Standards
All distress flares when received must be stored in the portable magazine chest
第11题:
She should go to the nearest supermarket to buy everything she wants.
She should bargain with the seller for a lower price
She should visit various stores and compare the prices.
She should not buy anything in the discount stores.
第12题:
20
15
8
5
3
第13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14题:
Uniformity is the guiding principle for the franchise and chain stores.()
第15题:
can you list some ship’s stores?
第16题:
As an experienced technician, you are responsible for Technical Support in your company. You ask one of the trainees to document the layers of an existing CIS network. Which three statements best characterize this process? ()(Choose three.)
A. It provides reliable input for verifying network consistency.
B. It requires a network audit to support some upgrade decisions.
C. It requires a network audit to support any network restructuring.
D. It begins with gathering organizational input that may be inaccurate.
第17题:
Although the Shipowner may be responsible for the loss or damage to the goods,his liability may be limited ______ the terms of the contract or the statute.
A.with
B.on
C.for
D.by
第18题:
You need to create a servlet filter that stores all request headers to a database for all requests to the webapplication’s home page "/index.jsp". Which HttpServletRequest method allows you to retrieve all of therequest headers?()
第19题:
You need to design a method to log changes that are made to servers and domain controllers. You also need to track when administrators modify local security account manager objects on servers. What should you do?()
第20题:
with
on
for
by
第21题:
It provides reliable input for verifying network consistency.
It requires a network audit to support some upgrade decisions.
It requires a network audit to support any network restructuring.
It begins with gathering organizational input that may be inaccurate.
第22题:
The models of the online fashion stores were not suitable.
Some online fashion stores still make profits.
There are online stores in Italy that make money.
Sweden’s online stores are doing well by discount.
第23题:
DBA_AUDIT_TRAIL
DBA_AUDIT_SESSION
DBA_FGA_AUDIT_TRAIL
DBA_COMMON_AUDIT_TRAIL