Background information
B-Star is a theme park based on a popular series of children’s books. Customers pay a fixed fee to enter the park,where they can participate in a variety of activities such as riding roller-coasters, playing on slides and purchasing themed souvenirs from gift shops.
The park is open all year and has been in operation for the last seven years. It is located in a country which has very little rainfall – the park is open-air so poor weather such as rain results in a significant fall in the number of customers for that day (normally by 50%). During the last seven years there have been on average 30 days each year with rain.
B-Star is now very successful; customer numbers are increasing at approximately 15% each year.
Ticket sales
Customers purchase tickets to enter the theme park from ticket offices located outside the park. Tickets are only valid on the day of purchase. Adults and children are charged the same price for admission to the park. Tickets are preprinted and stored in each ticket office.
Tickets are purchased using either cash or credit cards.
Each ticket has a number comprising of two elements – two digits relating to the ticket office followed by six digits to identify the ticket. The last six digits are in ascending sequential order.
Cash sales
1. All ticket sales are recorded on a computer showing the amount of each sale and the number of tickets issued.
This information is transferred electronically to the accounts office.
2. Cash is collected regularly from each ticket office by two security guards. The cash is then counted by two
accounts clerks and banked on a daily basis.
3. The total cash from each ticket office is agreed to the sales information that has been transferred from each office.
4. Total cash received is then recorded in the cash book, and then the general ledger.
Credit card sales
1. Payments by credit cards are authorised online as the customers purchase their tickets.
2. Computers in each ticket office record the sales information which is transferred electronically to the accounts office.
3. Credit card sales are recorded for each credit card company in a receivables ledger.
4. When payment is received from the credit card companies, the accounts clerks agree the total sales values to the amounts received from the credit card companies, less the commission payable to those companies. The receivables ledger is updated with the payments received.
You are now commencing the planning of the annual audit of B-Star. The date is 3 June 2009 and B-Star’s year end is 30 June 2009.
Required:
(a) List and explain the purpose of the main sections of an audit strategy document and for each section, provide an example relevant to B-Star. (8 marks)
(b) (i) For the cash sales system of B-Star, identify the risks that could affect the assertion of completeness of sales and cash receipts; (4 marks)
(ii) Discuss the extent to which tests of controls and substantive procedures could be used to confirm the
assertion of completeness of income in B-Star. (6 marks)
(c) (i) List the substantive analytical procedures that may be used to give assurance on the total income from
ticket sales for one day in B-Star;
(ii) List the substantive analytical procedures that may be used to give assurance on the total income from
ticket sales in B-Star for the year. (8 marks)
(d) List the audit procedures you should perform. on the credit card receivables balance. (4 marks)
第1题:
What is Annie's biggest problem?
A.She can't drive round corners.
B.She can't park the car well.
C.She can't speak to the examiner.
第2题:
What are recommended for the candidates to do before the interview?
A.Bring many enough copies of the résumé with you.
B.Ask about who will participate in the interview.
C.Get to know the route to the place and how long it will take.
D.Find out if they can park near the place or not.
第3题:
此题为判断题(对,错)。
第4题:
第5题:
第6题:
第7题:
第8题:
第9题:
There are endangered animals in the park.
There aren’t any picnic areas in the park.
You can’t take the babies to the park.
You can visit the park with your dogs.
第10题:
sanctioned
protected
eradicated
derided
galvanized
第11题:
第12题:
playing
was
children's
them
第13题:
Tom: Can I park in the staff car park?David: No, I'm afraid you can't. Only managers can park there. You can park behind the building.Tom: Okay. When can I have lunch?David: You can't go before 12:30 because we are very busy, but after 1:00 o'clock you can go when you like. You can eat and drink in the office, but you can't smoke here. Everyone goes to the coffee lounge, because they can smoke there.Tom: Can I use the phone?David: Yes, but you can't phone abroad.
(1). Why can't Tom park in the staff car park?
A、Because he does not work here.
B、Because he is not a manager.
C、Because he is a new comer.
(2). Which of the following is true?
A、Tom can park his car behind the building.
B、Tom can use the manager's car.
C、David can help Tom to park his car in the staff car park.
(3). When can Tom go to have his lunch?
A、Before 12:30.
B、After 12:30.
C、After 1:00.
(4). What can Tom do in the office?
A、Eat and drink.
B、Smoke.
C、Phone abroad.
(5). Where can everyone go to smoke?
A、In the car park.
B、In the coffee lounge.
C、In the café near the office building.
第14题:
An () park is children’s favorite place.
A、fun
B、central
C、amusement
D、pleasure
第15题:
A、most parents believe reading to be beneficial to children B、efforts to get kids interested in reading have been fruitful
C、most children will turn to reading with TV sets switched off
D、extracurricular activities promote children's intelligence
第16题:
第17题:
第18题:
第19题:
第20题:
The integrated logistics activities, equipment and information network and so on, is called ()
第21题:
A travel agency
A photography class
A wildlife park
第22题:
It is limited to certain areas in the park.
It is available everywhere in the park.
It is not available in the park.
It is available to visitors at a fee.
第23题:
students can learn more knowledge
students can get on well with their teachers
students’ wishes and interests can be respected