______ information it is! Just put it into the computer. ()A.How useful anB.What usefulC.
______ information it is! Just put it into the computer. ()
A.How useful an
B.What useful
C.How useful
D.What a useful
______ information it is! Just put it into the computer. ()
A.How useful an
B.What useful
C.How useful
D.What a useful
(c) (i) Using ONLY the above information, assess the competitive position of Diverse Holdings Plc.
(7 marks)
A.make a plan
B.provide some information
C.set an example
D.make some preparations
I can ______ you of the reliability of the information
A.assure
B.insure
C.secure
D.guarantee
I had to get ______ about the subject before I write the paper. ()
A.a few more informations
B.a little more information
C.a few more information
D.a little more informations
(i) A transaction processing system collects and records the transactions of an organisation
(ii) An executive information system is a way of integrating the data from all operations within the organisation into a single system
Which of the above statements is/are true?
A.(i) only
B.(ii) only
C.Both (i) and (ii)
D.Neither (i) nor (ii)
(i) The product mix ratio
(ii) Contribution to sales ratio for each product
(iii) General fixed costs
(iv) Method of apportioning general fixed costs
Which of the above are required in order to calculate the break-even sales revenue for the company?
A.All of the above
B.(i), (ii) and (iii) only
C.(i), (iii) and (iv) only
D.(ii) and (iii) only
(b) As a newly-qualified Chartered Certified Accountant in Boleyn & Co, you have been assigned to assist the ethics
partner in developing ethical guidance for the firm. In particular, you have been asked to draft guidance on the
following frequently asked questions (‘FAQs’) that will be circulated to all staff through Boleyn & Co’s intranet:
(i) What Information Technology services can we offer to audit clients? (5 marks)
Required:
For EACH of the three FAQs, explain the threats to objectivity that may arise and the safeguards that should
be available to manage them to an acceptable level.
NOTE: The mark allocation is shown against each of the three questions.
(b) Seymour offers health-related information services through a wholly-owned subsidiary, Aragon Co. Goodwill of
$1·8 million recognised on the purchase of Aragon in October 2004 is not amortised but included at cost in the
consolidated balance sheet. At 30 September 2006 Seymour’s investment in Aragon is shown at cost,
$4·5 million, in its separate financial statements.
Aragon’s draft financial statements for the year ended 30 September 2006 show a loss before taxation of
$0·6 million (2005 – $0·5 million loss) and total assets of $4·9 million (2005 – $5·7 million). The notes to
Aragon’s financial statements disclose that they have been prepared on a going concern basis that assumes that
Seymour will continue to provide financial support. (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 Seymour Co for the year ended
30 September 2006.
NOTE: The mark allocation is shown against each of the three issues.
Blinks also tell Stern when you have understood his question--often long before he's finished asking it--and when you've found an answer or part of (26) . "We blink at times (27) are psychologically important." He says. "You have listened to a question, you understand it, (28) you can take time out for a blink. Blinks are (29) marks. Their timing is tied to what is going on in your (30) ."
Stern has found that (31) suppress blinks when they are absorbing or anticipating (32) but not when they're reciting it. People blink later, for example, (33) they have to memorize six numbers instead of two. "You don't blink," he says, "until you have (34) the information to some short-term memory store." And if subjects are cued (35) the set of numbers is coming, say, five seconds, they'll curb their blinks until the task is (36) . Similarly, the more important the information that people are taking in, the more likely they are to put their blinks on hold for (37) Pilots blink less when they're (38) for flying a plane than when they (39) their eyes from the road to the rearview mirror. But if they see the flashing lights of a state trooper behind them, their (40) will move fast to the speed-meter and back to the mirror.
A.to
B.of
C.with
D.in
"If your computer is down, just write me out a ticket."
"I can't write you out a ticket. The computer is the only one allowed to do so."
I looked down on the computer and every passenger was just standing there staring at the black screen. Then I asked her, "What do all you people do?'
"We give the computer the information about your trip, and then it tells us whether you can fly with us or not."
"So when it goes down, you go down with it."
"That's good, sir. '
"How long will the computer be down?" I wanted to know.
"I have no idea. There's no way we can find out without asking the computer."
After the girl told me they had no backup (备用) computer, I said. "Let's forget the computer. What about your planes? They're still flying, aren't they?"
"I wouldn't know," she said, pointing at the dark screen. "Only 'IT'knows. 'It'can't tell me.
By this time there were quite a few people standing in lines. The word soon spread to other travelers that the computer was down. Some people started to cry and still others kicked their luggage.
The best title for the article is______.
A.When the Computer Is Down
B.How to buy a ticket
C.The Computer of the Airport
D.Asking the Computer
(b) You are an audit manager with specific responsibility for reviewing other information in documents containing
audited financial statements before your firm’s auditor’s report is signed. The financial statements of Hegas, a
privately-owned civil engineering company, show total assets of $120 million, revenue of $261 million, and profit
before tax of $9·2 million for the year ended 31 March 2005. Your review of the Annual Report has revealed
the following:
(i) The statement of changes in equity includes $4·5 million under a separate heading of ‘miscellaneous item’
which is described as ‘other difference not recognized in income’. There is no further reference to this
amount or ‘other difference’ elsewhere in the financial statements. However, the Management Report, which
is required by statute, is not audited. It discloses that ‘changes in shareholders’ equity not recognized in
income includes $4·5 million arising on the revaluation of investment properties’.
The notes to the financial statements state that the company has implemented IAS 40 ‘Investment Property’
for the first time in the year to 31 March 2005 and also that ‘the adoption of this standard did not have a
significant impact on Hegas’s financial position or its results of operations during 2005’.
(ii) The chairman’s statement asserts ‘Hegas has now achieved a position as one of the world’s largest
generators of hydro-electricity, with a dedicated commitment to accountable ethical professionalism’. Audit
working papers show that 14% of revenue was derived from hydro-electricity (2004: 12%). Publicly
available information shows that there are seven international suppliers of hydro-electricity in Africa alone,
which are all at least three times the size of Hegas in terms of both annual turnover and population supplied.
Required:
Identify and comment on the implications of the above matters for the auditor’s report on the financial
statements of Hegas for the year ended 31 March 2005. (10 marks)