高頓網(wǎng)校ACCA小編為各位ACCA學(xué)員整理了一些科目的精選練習(xí)題，希望大家查漏補(bǔ)缺，對(duì)考試有所幫助。
       Fundamentals Level – Skills Module, Paper F8
　　1 (a) Audit strategy document
　　Section of document Purpose Example from B-Star
　　Understanding the entity’s environment Provides details of the industry area that Size of the theme park sector and
　　the company is in along with specific expected growth over the next few years.
　　information about the activities and
　　strategies of the individual client.
　　Understand the accounting and internal Details of accounting policies of the Accounting policy for sales – sales are
　　control systems client and previous assessments of stated net of sales taxes.
　　internal control systems indicating the
　　Reliance on control systems in B-Star
　　expected extent of reliance on those
　　may be limited due to lack of
　　systems.
　　documentation of controls.
　　Risk and materiality The assessment of risk for the client and Materiality for sales to be 5% of turnover.
　　the risk of fraud and error and the
　　B-Star receives cash sales – audit work
　　identification of significant audit areas.
　　required to determine the completeness
　　The materiality level for audit planning of sales.
　　purposes.
　　Timing and extent of audit procedures Details of the focus on audit work on Audit software could be used to provide
　　specific areas. Detail on the extent of use analytical procedures on the sales of
　　of audit software and possible reliance B-Star
　　on internal audit.
　　Co-ordination, supervision and review of Details the extent of involvement of B-Star has only one location – audit staff
　　audit work experts, client locations and staffing will be required to work there for X
　　requirements for the audit. weeks.
　　(b) (i) Risk affecting completeness
　　– The computer system does not record sales accurately and/or information is lost or transferred incorrectly from the
　　ticket office computer to the accounts department computer.
　　– Cash sales are not recorded in the cash book; cash is stolen by the accounts clerks.
　　– Tickets are issued but no payment is received – that is the sale is not recorded.
　　– Cash is removed by the ticket office personnel, by the security guards or by the account clerks.
　　– The account clerks miscount the amount of cash received from a ticket office.
　　(ii) Use of tests of controls and substantive procedures
　　Tests of controls
　　Tests of control are designed to ensure that documented controls are operating effectively. If controls over the
　　completeness of income were expected to operate correctly, then the auditor would test those controls.
　　In B-Star, while controls could be in operation, e.g. the account clerks agreeing physical cash to computer summaries,
　　there is no indication that the control is documented; that is the computer summary is not signed to show the
　　comparison has taken place. The auditor could use the test of inquiry – asking the clerks whether the control has been
　　used, and observation – actually watching the clerks carry out the controls. As noted above though, lack of
　　documentation of the control does mean relying on tests of control for the assertion completeness of income has limited