A financial institution is required to store their monthly transaction statements for 7 years. Theremust be proof that upon closure of the statements there is no alteration to the files after that date.Which of the following would the storage specialist d

题目

A financial institution is required to store their monthly transaction statements for 7 years. Theremust be proof that upon closure of the statements there is no alteration to the files after that date.Which of the following would the storage specialist discuss as a possible course of action to meetthis requirement？（）

  • A、archive data to encrypted disk
  • B、archive data to LTO-5 WORM media
  • C、backup data todeduplicated disk pools
  • D、backup data to encrypted LTO-5 using standard media
相似考题

1.(ii) The property of the former administrative centre of Tyre is owned by the company. Tyre had decided in the yearthat the property was surplus to requirements and demolished the building on 10 June 2006. After demolition,the company will have to carry out remedial environmental work, which is a legal requirement resulting from thedemolition. It was intended that the land would be sold after the remedial work had been carried out. However,land prices are currently increasing in value and, therefore, the company has decided that it will not sell the landimmediately. Tyres uses the ‘cost model’ in IAS16 ‘Property, plant and equipment’ and has owned the propertyfor many years. (7 marks)Required:Advise the directors of Tyre on how to treat the above items in the financial statements for the year ended31 May 2006.(The mark allocation is shown against each of the above items)

2.(b) Discuss the relative costs to the preparer and benefits to the users of financial statements of increaseddisclosure of information in financial statements. (14 marks)Quality of discussion and reasoning. (2 marks)

3.5 An enterprise has made a material change to an accounting policy in preparing its current financial statements.Which of the following disclosures are required by IAS 8 Accounting policies, changes in accounting estimatesand errors in these financial statements?1 The reasons for the change.2 The amount of the consequent adjustment in the current period and in comparative information for prior periods.3 An estimate of the effect of the change on future periods, where possible.A 1 and 2 onlyB 1 and 3 onlyC 2 and 3 onlyD All three items

4.5 Financial statements have seen an increasing move towards the use of fair values in accounting. Advocates of ‘fairvalue accounting’ believe that fair value is the most relevant measure for financial reporting whilst others believe thathistorical cost provides a more useful measure.Issues have been raised over the reliability and measurement of fair values, and over the nature of the current levelof disclosure in financial statements in this area.Required:(a) Discuss the problems associated with the reliability and measurement of fair values and the nature of anyadditional disclosures which may be required if fair value accounting is to be used exclusively in corporatereporting. (13 marks)

更多“A financial institution is required to store their monthly transaction statements for 7 years. Theremust be proof that upon closure of the statements there is no alteration to the files after that date.Which of the following would the storage specialist d”相关问题

  • 第1题：

    8 Which of the following statements about accounting concepts and conventions are correct?

    (1) The money measurement concept requires all assets and liabilities to be accounted for at historical cost.

    (2) The substance over form. convention means that the economic substance of a transaction should be reflected in

    the financial statements, not necessarily its legal form.

    (3) The realisation concept means that profits or gains cannot normally be recognised in the income statement until

    realised.

    (4) The application of the prudence concept means that assets must be understated and liabilities must be overstated

    in preparing financial statements.

    A 1 and 3

    B 2 and 3

    C 2 and 4

    D 1 and 4.


    正确答案：B

  • 第2题：

    (b) You are the audit manager of Johnston Co, a private company. The draft consolidated financial statements for

    the year ended 31 March 2006 show profit before taxation of $10·5 million (2005 – $9·4 million) and total

    assets of $55·2 million (2005 – $50·7 million).

    Your firm was appointed auditor of Tiltman Co when Johnston Co acquired all the shares of Tiltman Co in March

    2006. Tiltman’s draft financial statements for the year ended 31 March 2006 show profit before taxation of

    $0·7 million (2005 – $1·7 million) and total assets of $16·1 million (2005 – $16·6 million). The auditor’s

    report on the financial statements for the year ended 31 March 2005 was unmodified.

    You are currently reviewing two matters that have been left for your attention on the audit working paper files for

    the year ended 31 March 2006:

    (i) In December 2004 Tiltman installed a new computer system that properly quantified an overvaluation of

    inventory amounting to $2·7 million. This is being written off over three years.

    (ii) In May 2006, Tiltman’s head office was relocated to Johnston’s premises as part of a restructuring.

    Provisions for the resulting redundancies and non-cancellable lease payments amounting to $2·3 million

    have been made in the financial statements of Tiltman for the year ended 31 March 2006.

    Required:

    Identify and comment on the implications of these two matters for your auditor’s reports on the financial

    statements of Johnston Co and Tiltman Co for the year ended 31 March 2006. (10 marks)


    正确答案：
    (b) Tiltman Co
    Tiltman’s total assets at 31 March 2006 represent 29% (16·1/55·2 × 100) of Johnston’s total assets. The subsidiary is
    therefore material to Johnston’s consolidated financial statements.
    Tutorial note: Tiltman’s profit for the year is not relevant as the acquisition took place just before the year end and will
    therefore have no impact on the consolidated income statement. Calculations of the effect on consolidated profit before
    taxation are therefore inappropriate and will not be awarded marks.
    (i) Inventory overvaluation
    This should have been written off to the income statement in the year to 31 March 2005 and not spread over three
    years (contrary to IAS 2 ‘Inventories’).
    At 31 March 2006 inventory is overvalued by $0·9m. This represents all Tiltmans’s profit for the year and 5·6% of
    total assets and is material. At 31 March 2005 inventory was materially overvalued by $1·8m ($1·7m reported profit
    should have been a $0·1m loss).
    Tutorial note: 1/3 of the overvaluation was written off in the prior period (i.e. year to 31 March 2005) instead of $2·7m.
    That the prior period’s auditor’s report was unmodified means that the previous auditor concurred with an incorrect
    accounting treatment (or otherwise gave an inappropriate audit opinion).
    As the matter is material a prior period adjustment is required (IAS 8 ‘Accounting Policies, Changes in Accounting
    Estimates and Errors’). $1·8m should be written off against opening reserves (i.e. restated as at 1 April 2005).
    (ii) Restructuring provision
    $2·3m expense has been charged to Tiltman’s profit and loss in arriving at a draft profit of $0·7m. This is very material.
    (The provision represents 14·3% of Tiltman’s total assets and is material to the balance sheet date also.)
    The provision for redundancies and onerous contracts should not have been made for the year ended 31 March 2006
    unless there was a constructive obligation at the balance sheet date (IAS 37 ‘Provisions, Contingent Liabilities and
    Contingent Assets’). So, unless the main features of the restructuring plan had been announced to those affected (i.e.
    redundancy notifications issued to employees), the provision should be reversed. However, it should then be disclosed
    as a non-adjusting post balance sheet event (IAS 10 ‘Events After the Balance Sheet Date’).
    Given the short time (less than one month) between acquisition and the balance sheet it is very possible that a
    constructive obligation does not arise at the balance sheet date. The relocation in May was only part of a restructuring
    (and could be the first evidence that Johnston’s management has started to implement a restructuring plan).
    There is a risk that goodwill on consolidation of Tiltman may be overstated in Johnston’s consolidated financial
    statements. To avoid the $2·3 expense having a significant effect on post-acquisition profit (which may be negligible
    due to the short time between acquisition and year end), Johnston may have recognised it as a liability in the
    determination of goodwill on acquisition.
    However, the execution of Tiltman’s restructuring plan, though made for the year ended 31 March 2006, was conditional
    upon its acquisition by Johnston. It does not therefore represent, immediately before the business combination, a
    present obligation of Johnston. Nor is it a contingent liability of Johnston immediately before the combination. Therefore
    Johnston cannot recognise a liability for Tiltman’s restructuring plans as part of allocating the cost of the combination
    (IFRS 3 ‘Business Combinations’).
    Tiltman’s auditor’s report
    The following adjustments are required to the financial statements:
    ■ restructuring provision, $2·3m, eliminated;
    ■ adequate disclosure of relocation as a non-adjusting post balance sheet event;
    ■ current period inventory written down by $0·9m;
    ■ prior period inventory (and reserves) written down by $1·8m.
    Profit for the year to 31 March 2006 should be $3·9m ($0·7 + $0·9 + $2·3).
    If all these adjustments are made the auditor’s report should be unmodified. Otherwise, the auditor’s report should be
    qualified ‘except for’ on grounds of disagreement. If none of the adjustments are made, the qualification should still be
    ‘except for’ as the matters are not pervasive.
    Johnston’s auditor’s report
    If Tiltman’s auditor’s report is unmodified (because the required adjustments are made) the auditor’s report of Johnston
    should be similarly unmodified. As Tiltman is wholly-owned by Johnston there should be no problem getting the
    adjustments made.
    If no adjustments were made in Tiltman’s financial statements, adjustments could be made on consolidation, if
    necessary, to avoid modification of the auditor’s report on Johnston’s financial statements.
    The effect of these adjustments on Tiltman’s net assets is an increase of $1·4m. Goodwill arising on consolidation (if
    any) would be reduced by $1·4m. The reduction in consolidated total assets required ($0·9m + $1·4m) is therefore
    the same as the reduction in consolidated total liabilities (i.e. $2·3m). $2·3m is material (4·2% consolidated total
    assets). If Tiltman’s financial statements are not adjusted and no adjustments are made on consolidation, the
    consolidated financial position (balance sheet) should be qualified ‘except for’. The results of operations (i.e. profit for
    the period) should be unqualified (if permitted in the jurisdiction in which Johnston reports).
    Adjustment in respect of the inventory valuation may not be required as Johnston should have consolidated inventory
    at fair value on acquisition. In this case, consolidated total liabilities should be reduced by $2·3m and goodwill arising
    on consolidation (if any) reduced by $2·3m.
    Tutorial note: The effect of any possible goodwill impairment has been ignored as the subsidiary has only just been
    acquired and the balance sheet date is very close to the date of acquisition.

  • 第3题：

    3 (a) Financial statements often contain material balances recognised at fair value. For auditors, this leads to additional

    audit risk.

    Required:

    Discuss this statement. (7 marks)


    正确答案：
    3 Poppy Co
    (a) Balances held at fair value are frequently recognised as material items in the statement of financial position. Sometimes it is
    required by the financial reporting framework that the measurement of an asset or liability is at fair value, e.g. certain
    categories of financial instruments, whereas it is sometimes the entity’s choice to measure an item using a fair value model
    rather than a cost model, e.g. properties. It is certainly the case that many of these balances will be material, meaning that
    the auditor must obtain sufficient appropriate evidence that the fair value measurement is in accordance with the
    requirements of financial reporting standards. ISA 540 (Revised and Redrafted) Auditing Accounting Estimates Including Fair
    Value Accounting Estimates and Related Disclosures and ISA 545 Auditing Fair Value Measurements and Disclosures
    contain guidance in this area.
    As part of the understanding of the entity and its environment, the auditor should gain an insight into balances that are stated
    at fair value, and then assess the impact of this on the audit strategy. This will include an evaluation of the risk associated
    with the balance(s) recognised at fair value.
    Audit risk comprises three elements; each is discussed below in the context of whether material balances shown at fair value
    will lead to increased risk for the auditor.
    Inherent risk
    Many measurements based on estimates, including fair value measurements, are inherently imprecise and subjective in
    nature. The fair value assessment is likely to involve significant judgments, e.g. regarding market conditions, the timing of
    cash flows, or the future intentions of the entity. In addition, there may be a deliberate attempt by management to manipulate
    the fair value to achieve a desired aim within the financial statements, in other words to attempt some kind of window
    dressing.
    Many fair value estimation models are complicated, e.g. discounted cash flow techniques, or the actuarial calculations used
    to determine the value of a pension fund. Any complicated calculations are relatively high risk, as difficult valuation techniques
    are simply more likely to contain errors than simple valuation techniques. However, there will be some items shown at fair
    value which have a low inherent risk, because the measurement of fair value may be relatively straightforward, e.g. assets
    that are regularly bought and sold on open markets that provide readily available and reliable information on the market prices
    at which actual exchanges occur.
    In addition to the complexities discussed above, some fair value measurement techniques will contain significant
    assumptions, e.g. the most appropriate discount factor to use, or judgments over the future use of an asset. Management
    may not always have sufficient experience and knowledge in making these judgments.
    Thus the auditor should approach some balances recognised at fair value as having a relatively high inherent risk, as their
    subjective and complex nature means that the balance is prone to contain an error. However, the auditor should not just
    assume that all fair value items contain high inherent risk – each balance recognised at fair value should be assessed for its
    individual level of risk.
    Control risk
    The risk that the entity’s internal monitoring system fails to prevent and detect valuation errors needs to be assessed as part
    of overall audit risk assessment. One problem is that the fair value assessment is likely to be performed once a year, outside
    the normal accounting and management systems, especially where the valuation is performed by an external specialist.
    Therefore, as a non-routine event, the assessment of fair value is likely not to have the same level of monitoring or controls
    as a day-to-day business transaction.
    However, due to the material impact of fair values on the statement of financial position, and in some circumstances on profit,
    management may have made great effort to ensure that the assessment is highly monitored and controlled. It therefore could
    be the case that there is extremely low control risk associated with the recognition of fair values.
    Detection risk
    The auditor should minimise detection risk via thorough planning and execution of audit procedures. The audit team may
    lack experience in dealing with the fair value in question, and so would be unlikely to detect errors in the valuation techniques
    used. Over-reliance on an external specialist could also lead to errors not being found.
    Conclusion
    It is true that the increasing recognition of items measured at fair value will in many cases cause the auditor to assess the
    audit risk associated with the balance as high. However, it should not be assumed that every fair value item will be likely to
    contain a material misstatement. The auditor must be careful to identify and respond to the level of risk for fair value items
    on an individual basis to ensure that sufficient and appropriate evidence is gathered, thus reducing the audit risk to an
    acceptable level.

  • 第4题：

    The finance director of Blod Co, Uma Thorton, has requested that your firm type the financial statements in the form

    to be presented to shareholders at the forthcoming company general meeting. Uma has also commented that the

    previous auditors did not use a liability disclaimer in their audit report, and would like more information about the use

    of liability disclaimer paragraphs.

    Required:

    (b) Discuss the ethical issues raised by the request for your firm to type the financial statements of Blod Co.

    (3 marks)


    正确答案：
    (b) It is not uncommon for audit firms to word process and typeset the financial statements of their clients, especially where the
    client is a relatively small entity, which may lack the resources and skills to perform. this task. It is not prohibited by ethical
    standards.
    However, there could be a perceived threat to independence, with risk magnified in the case of Blod Co, which is a listed
    company. The auditors could be perceived to be involved with the preparation of the financial statements of a listed client
    company, which is prohibited by ethical standards. IFAC’s Code of Ethics for Professional Accountants states that for a listed
    client, the audit firm should not be involved with the preparation of financial statements, which would create a self-review
    threat so severe that safeguards could not reduce the threat to an acceptable level. Although the typing of financial statements
    itself is not prohibited by ethical guidance, the risk is that providing such a service could be perceived to be an element of
    the preparation of the financial statements.
    It is possible that during the process of typing the financial statements, decisions and judgments would be made. This could
    be perceived as making management decisions in relation to the financial statements, a clear breach of independence.
    Therefore to eliminate any risk exposure, the prudent decision would be not to type the financial statements, ensuring that
    Blod Co appreciates the ethical problems that this would cause.
    Tutorial note: This is an area not specifically covered by ethical guides, where different audit firms may have different views
    on whether it is acceptable to provide a typing service for the financial statements of their clients. Credit will be awarded for
    sensible discussion of the issues raised bearing in mind other options for the audit firm, for example, it could be argued that
    it is acceptable to offer the typing service provided that it is performed by people independent of the audit team, and that
    the matter has been discussed with the audit committee/those charged with governance

  • 第5题：

    View the following SQL statements:You want to back out transaction T2. Which option would you use?()

    A. It is possible, but transaction T3 also backs out.

    B. It is possible with the NOCASCADE_FORCE option.

    C. It is possible with the NONCONFLICT_ONLY option.

    D. It is not possible because it has conflicts with transaction T3.


    参考答案：B

  • 第6题：

    You are designing a plan for migrating Virtual Hard Disks （VHDs） and video files to Windows Azure Storage.  The VHDs must be optimized for random read/write operation. The video files must be optimized for sequential access.  You need to recommend storage types for storing the VHDs and video files.   Which two storage types should you recommend？（）

    • A、 Store VHDs in Windows Azure page blob storage.
    • B、 Store VHDs in Windows Azure block blob storage.
    • C、 Store video files in Windows Azure page blob storage.
    • D、 Store video files in Windows Azure block blob storage

    正确答案:A,D

  • 第7题：

    Which of the following would an administrator follow when disposing of equipment for a financial institution?（）

    • A、Local laws and regulations
    • B、Escalation procedure regulations
    • C、Manufacturer's regulations
    • D、Server OEM regulations

    正确答案:D

  • 第8题：

    Which two statements about Automatic Storage Management （ASM） are true？（）

    • A、ASM provides mirroring on file by file basis.
    • B、ASM provides automatic load balancing across all ASM disks.
    • C、ASM supports the Oracle database and operating system files.
    • D、ASM can be used to store trace files， alert log files， and the server parameter file （SPFILE）.

    正确答案:A,B

  • 第9题：

    多选题
    The session of user SCOTT receives the following error after executing an UPDATE command onthe EMP table：  ERROR at line 1：  ORA-00060： deadlock detected while waiting for resource  On investigation， you find that a session opened by user JIM has a transaction that caused the deadlock.  two statements are true regarding the session of SCOTT in this scenario（）
    A

    The session is terminated after receiving the error and JIM can continue with his transaction.

    B

    SCOTT should perform a COMMIT or ROLLBACK to allow JIM to continue with his transaction.

    C

    The session is rolled back after receiving the error and JIM can continue with his transaction.

    D

    SCOTT has to reexecute the last command in the transaction after he commits the transaction.


    正确答案： C,B
    解析： 暂无解析

  • 第10题：

    多选题
    Which two statements about Automatic Storage Management （ASM） are true？（）
    A

    ASM provides mirroring on file by file basis.

    B

    ASM provides automatic load balancing across all ASM disks.

    C

    ASM supports the Oracle database and operating system files.

    D

    ASM can be used to store trace files， alert log files， and the server parameter file （SPFILE）.


    正确答案： D,C
    解析： 暂无解析

  • 第11题：

    单选题
    A new storage array must be configured for a database server.  This array will store transaction logs that are always being written.  Which of the following RAID solutions would provide fault tolerance and fast write operations without the use of parity？（）
    A

    RAID 0

    B

    RAID 3

    C

    RAID 6

    D

    RAID 10


    正确答案： B
    解析： 暂无解析

  • 第12题：

    单选题
    Which of the following would an administrator follow when disposing of equipment for a financial institution？（）
    A

     Local laws and regulations

    B

     Escalation procedure regulations

    C

     Manufacturer’s regulations

    D

     Server OEM regulations


    正确答案： B
    解析： 暂无解析

  • 第13题：

    12 Which of the following statements are correct?

    (1) Contingent assets are included as assets in financial statements if it is probable that they will arise.

    (2) Contingent liabilities must be provided for in financial statements if it is probable that they will arise.

    (3) Details of all adjusting events after the balance sheet date must be given in notes to the financial statements.

    (4) Material non-adjusting events are disclosed by note in the financial statements.

    A 1 and 2

    B 2 and 4

    C 3 and 4

    D 1 and 3


    正确答案：B

  • 第14题：

    5 You are the audit manager for three clients of Bertie & Co, a firm of Chartered Certified Accountants. The financial

    year end for each client is 30 September 2007.

    You are reviewing the audit senior’s proposed audit reports for two clients, Alpha Co and Deema Co.

    Alpha Co, a listed company, permanently closed several factories in May 2007, with all costs of closure finalised and

    paid in August 2007. The factories all produced the same item, which contributed 10% of Alpha Co’s total revenue

    for the year ended 30 September 2007 (2006 – 23%). The closure has been discussed accurately and fully in the

    chairman’s statement and Directors’ Report. However, the closure is not mentioned in the notes to the financial

    statements, nor separately disclosed on the financial statements.

    The audit senior has proposed an unmodified audit opinion for Alpha Co as the matter has been fully addressed in

    the chairman’s statement and Directors’ Report.

    In October 2007 a legal claim was filed against Deema Co, a retailer of toys. The claim is from a customer who slipped

    on a greasy step outside one of the retail outlets. The matter has been fully disclosed as a material contingent liability

    in the notes to the financial statements, and audit working papers provide sufficient evidence that no provision is

    necessary as Deema Co’s lawyers have stated in writing that the likelihood of the claim succeeding is only possible.

    The amount of the claim is fixed and is adequately covered by cash resources.

    The audit senior proposes that the audit opinion for Deema Co should not be qualified, but that an emphasis of matter

    paragraph should be included after the audit opinion to highlight the situation.

    Hugh Co was incorporated in October 2006, using a bank loan for finance. Revenue for the first year of trading is

    $750,000, and there are hopes of rapid growth in the next few years. The business retails luxury hand made wooden

    toys, currently in a single retail outlet. The two directors (who also own all of the shares in Hugh Co) are aware that

    due to the small size of the company, the financial statements do not have to be subject to annual external audit, but

    they are unsure whether there would be any benefit in a voluntary audit of the first year financial statements. The

    directors are also aware that a review of the financial statements could be performed as an alternative to a full audit.

    Hugh Co currently employs a part-time, part-qualified accountant, Monty Parkes, who has prepared a year end

    balance sheet and income statement, and who produces summary management accounts every three months.

    Required:

    (a) Evaluate whether the audit senior’s proposed audit report is appropriate, and where you disagree with the

    proposed report, recommend the amendment necessary to the audit report of:

    (i) Alpha Co; (6 marks)


    正确答案：
    5 BERTIE & CO
    (a) (i) Alpha Co
    The factory closures constitute a discontinued operation per IFRS 5 Non-Current Assets Held for Sale and Discontinued
    Operations, due to the discontinuance of a separate major component of the business. It is a major component due to
    the 10% contribution to revenue in the year to 30 September 2007 and 23% contribution in 2006. It is a separate
    business component of the company due to the factories having made only one item, indicating a separate income
    generating unit.
    Under IFRS 5 there must be separate disclosure on the face of the income statement of the post tax results of the
    discontinued operation, and of any profit or loss resulting from the closures. The revenue and costs of the discontinued
    operation should be separately disclosed either on the face of the income statement or in the notes to the financial
    statements. Cash flows relating to the discontinued operation should also be separately disclosed per IAS 7 Cash Flow
    Statements.
    In addition, as Alpha Co is a listed company, IFRS 8 Operating Segments requires separate segmental disclosure of
    discontinued operations.
    Failure to disclose the above information in the financial statements is a material breach of International Accounting
    Standards. The audit opinion should therefore be qualified on the grounds of disagreement on disclosure (IFRS 5,
    IAS 7 and IFRS 8). The matter is material, but not pervasive, and therefore an ‘except for’ opinion should be issued.
    The opinion paragraph should clearly state the reason for the disagreement, and an indication of the financial
    significance of the matter.
    The audit opinion relates only to the financial statements which have been audited, and the contents of the other
    information (chairman’s statement and Directors’ Report) are irrelevant when deciding if the financial statements show
    a true and fair view, or are fairly presented.
    Tutorial note: there is no indication in the question scenario that Alpha Co is in financial or operational difficulty
    therefore no marks are awarded for irrelevant discussion of going concern issues and the resultant impact on the audit
    opinion.

  • 第15题：

    (b) (i) Explain the matters you should consider, and the evidence you would expect to find in respect of the

    carrying value of the cost of investment of Dylan Co in the financial statements of Rosie Co; and

    (7 marks)


    正确答案：
    (b) (i) Cost of investment on acquisition of Dylan Co
    Matters to consider
    According to the schedule provided by the client, the cost of investment comprises three elements. One matter to
    consider is whether the cost of investment is complete.
    It appears that no legal or professional fees have been included in the cost of investment (unless included within the
    heading ‘cash consideration’). Directly attributable costs should be included per IFRS 3 Business Combinations, and
    there is a risk that these costs may be expensed in error, leading to understatement of the investment.
    The cash consideration of $2·5 million is the least problematical component. The only matter to consider is whether the
    cash has actually been paid. Given that Dylan Co was acquired in the last month of the financial year it is possible that
    the amount had not been paid before the year end, in which case the amount should be recognised as a current liability
    on the statement of financial position (balance sheet). However, this seems unlikely given that normally control of an
    acquired company only passes to the acquirer on cash payment.
    IFRS 3 states that the cost of investment should be recognised at fair value, which means that deferred consideration
    should be discounted to present value at the date of acquisition. If the consideration payable on 31 January 2009 has
    not been discounted, the cost of investment, and the corresponding liability, will be overstated. It is possible that the
    impact of discounting the $1·5 million payable one year after acquisition would be immaterial to the financial
    statements, in which case it would be acceptable to leave the consideration at face value within the cost of investment.
    Contingent consideration should be accrued if it is probable to be paid. Here the amount is payable if revenue growth
    targets are achieved over the next four years. The auditor must therefore assess the probability of the targets being
    achieved, using forecasts and projections of Maxwell Co’s revenue. Such information is inherently subjective, and could
    have been manipulated, if prepared by the vendor of Maxwell Co, in order to secure the deal and maximise
    consideration. Here it will be crucial to be sceptical when reviewing the forecasts, and the assumptions underlying the
    data. The management of Rosie Co should have reached their own opinion on the probability of paying the contingent
    consideration, but they may have relied heavily on information provided at the time of the acquisition.
    Audit evidence
    – Agreement of the monetary value and payment dates of the consideration per the client schedule to legal
    documentation signed by vendor and acquirer.
    – Agreement of $2·5 million paid to Rosie Co’s bank statement and cash book prior to year end. If payment occurs
    after year end confirm that a current liability is recognised on the individual company and consolidated statement
    of financial position (balance sheet).
    – Board minutes approving the payment.
    – Recomputation of discounting calculations applied to deferred and contingent consideration.
    – Agreement that the discount rate used is pre-tax, and reflects current market assessment of the time value of money
    (e.g. by comparison to Rosie Co’s weighted average cost of capital).
    – Revenue and profit projections for the period until January 2012, checked for arithmetic accuracy.
    – A review of assumptions used in the projections, and agreement that the assumptions are comparable with the
    auditor’s understanding of Dylan Co’s business.
    Tutorial note: As the scenario states that Chien & Co has audited Dylan Co for several years, it is reasonable to rely on
    their cumulative knowledge and understanding of the business in auditing the revenue projections.

  • 第16题：

    听力原文：M: There are several reasons why careful analysis of financial statements is necessary. What are they?

    W: First, financial statements are general-purpose statements. Secondly, the relationships between amounts on successive financial statements are not obvious without analysis. And thirdly, users of financial statements may be interested in seeing how well a company is performing.

    Q: What are they talking about?

    (17)

    A．The methods of financial statements.

    B．The necessity of careful analysis of financial statements

    C．The relationship among financial statements.

    D．The purpose of financial statements.


    正确答案：B
    解析：男士问的是仔细分析财务报表的必要性的理由，故B选项符合。D项说的是财务报表的目的，并非分析财务报表的目的。

  • 第17题：

    Which of the following activities helps to train the skill of listening for gist?

    A．After listening, the students are required to figure out the relationship between the characters.
    B．After listening, the students are required to sequence the sentences according to the story.
    C．After listening, the students are required to identify the characters appearing in the story.
    D．After listening, the students are required to decide upon the title for the text.

    答案：D
    解析：
    考查听力教学。听力课上，教师要求学生得出听力材料的标题，这是在训练学生抓主旨和中心的能力．故选D。

  • 第18题：

    A new storage array must be configured for a database server. This array will store transaction logs that are always being written.  Which of the following RAID solutions would provide fault tolerance and fast write operations without the use of parity？ （）

    • A、 RAID 0
    • B、 RAID 3
    • C、 RAID 6
    • D、 RAID 10

    正确答案:D

  • 第19题：

    The session of user SCOTT receives the following error after executing an UPDATE command onthe EMP table：  ERROR at line 1：  ORA-00060： deadlock detected while waiting for resource  On investigation， you find that a session opened by user JIM has a transaction that caused the deadlock.  two statements are true regarding the session of SCOTT in this scenario（）

    • A、The session is terminated after receiving the error and JIM can continue with his transaction.
    • B、SCOTT should perform a COMMIT or ROLLBACK to allow JIM to continue with his transaction.
    • C、The session is rolled back after receiving the error and JIM can continue with his transaction.
    • D、SCOTT has to reexecute the last command in the transaction after he commits the transaction.

    正确答案:B,D

  • 第20题：

    Which two statements about Flashback Query are true？（）

    • A、It is generated by using the redo log files. 
    • B、It helps in row-level recovery from user errors.
    • C、It can be performed to recover ALTER TABLE statements 
    • D、It fails when undo data pertaining to the transaction is overwritten.
    • E、The database has to be opened with the resetlogs option after performing Flashback Query.

    正确答案:B,D

  • 第21题：

    多选题
    Which of the following statements are true? (Indicate all such statements.)
    A

    τ(5) =τ(7)

    B

    τ(5) τ(7) =τ(35)

    C

    τ(5) + τ(7) =τ(12)


    正确答案： A,B
    解析：
    5和7均只有两个正除数，因此根据题干信息，A项正确；35有四个正除数，所以B项也是正确的；12有6个正除数，因此C项错误；选择A、B两项。

  • 第22题：

    单选题
    Which of the following statements describes one of the functions of the ballast system?（）
    A

    To permit flooding of any fuel oil storage tank on any class of ship

    B

    To use it as a secondary service system

    C

    To store reserve feed or potable water for extended cruises

    D

    To stabilize the ship by flooding certain designed tanks with seawater


    正确答案： C
    解析： 暂无解析

  • 第23题：

    单选题
    Which of the following statements is least likely to cause the ignition of fuel vapors?（）
    A

    Static electricity

    B

    An open running electric motor

    C

    Loose wiring

    D

    Explosion proof lights


    正确答案： D
    解析： 暂无解析

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