Auditing and Historical Financial Information
This question paper must be returned. Candidates are not permitted to remove any part of it from the examination room.
STUDENT’S SURNAME...........................................
OTHER NAMES.........................................................
STUDENT NUMBER.................................................
MOCK FINAL EXAMINATION SEMESTER 2, 2009
PAPER A
Unit:
ACCG340 Auditing and Assurance Services
Time Allowed:
2 hours plus 10 minutes reading time
Total Number of Questions:
FIVE (5)
Instructions:
Answer question 1 on the computer marking sheet provided.
Answer questions 2 to 3 in the space provided in this paper (Paper A).
Answer questions 4 to 5 in the space provided in Paper B.
Answer all questions. All booklets must be returned.
Materials permitted:
Dictionaries are not permitted.
Calculators are not permitted.
QUESTION NUMBER
MARKS AVAILABLE
1
16
2
12
3
19
4
18
5
10
TOTAL
75
STUDENT’S SCORE
QUESTION 1 (16 Marks)
MARK THE CORRECT ANSWER ON THE COMPUTER MARKING SHEET PROVIDED
1: To which assurance engagements does the Framework for Assurance Engagement apply?
A: Audits of historical financial information
B: Reviews of historical financial information
C: Assurance engagements other than audits or reviews of historical financial information
D: All of the above.
2: Which of the following bodies monitors the operation of the Australian Accounting Standards
Board?
A: Australian Stock Exchange
B: Financial Reporting Council
C: Australian Securities and Investments Commission
D: Auditing and Assurance Standards Board
3: Ethics requires:
A: Knowledge of moral principles.
B: Skill in applying moral principles.
C: The development of virtues within individuals.
D: All of the above.
4: Common law:
A: Requires that the auditor guarantee their work.
B: Requires that the auditor performs their work with due care.
C: Requires that the auditor discovers all fraud.
D:
STUDENT’S SURNAME...........................................
OTHER NAMES.........................................................
STUDENT NUMBER.................................................
MOCK FINAL EXAMINATION SEMESTER 2, 2009
PAPER A
Unit:
ACCG340 Auditing and Assurance Services
Time Allowed:
2 hours plus 10 minutes reading time
Total Number of Questions:
FIVE (5)
Instructions:
Answer question 1 on the computer marking sheet provided.
Answer questions 2 to 3 in the space provided in this paper (Paper A).
Answer questions 4 to 5 in the space provided in Paper B.
Answer all questions. All booklets must be returned.
Materials permitted:
Dictionaries are not permitted.
Calculators are not permitted.
QUESTION NUMBER
MARKS AVAILABLE
1
16
2
12
3
19
4
18
5
10
TOTAL
75
STUDENT’S SCORE
QUESTION 1 (16 Marks)
MARK THE CORRECT ANSWER ON THE COMPUTER MARKING SHEET PROVIDED
1: To which assurance engagements does the Framework for Assurance Engagement apply?
A: Audits of historical financial information
B: Reviews of historical financial information
C: Assurance engagements other than audits or reviews of historical financial information
D: All of the above.
2: Which of the following bodies monitors the operation of the Australian Accounting Standards
Board?
A: Australian Stock Exchange
B: Financial Reporting Council
C: Australian Securities and Investments Commission
D: Auditing and Assurance Standards Board
3: Ethics requires:
A: Knowledge of moral principles.
B: Skill in applying moral principles.
C: The development of virtues within individuals.
D: All of the above.
4: Common law:
A: Requires that the auditor guarantee their work.
B: Requires that the auditor performs their work with due care.
C: Requires that the auditor discovers all fraud.
D: