INSTRUCTION: This section consists of FOUR (4) essay questions. Answer ALL questions.

Transcription

1 SECTION A: 100 MARKS BAHAGIAN A: 100 MARKAH INSTRUCTION: This section consists of FOUR (4) essay questions. Answer ALL questions. ARAHAN: Bahagian ini mengandungi EMPAT (4) soalan esei. Jawab SEMUA soalan. QUESTION 1 Audit Sampling is defined as the application of an audit procedure to less than 100% of the items within a population such that all sampling units have a chance of selection in order to provide the auditor with a reasonable basis on which to draw conclusions about the entire population Based on the statement above, state FIVE (5) purposes of sampling. [5 marks] By using the table given, list TWO (2) advantages and TWO (2) disadvantages of statistical and non-statistical sampling. Statistical Sampling Non Statistical Sampling Advantages Disadvantages Advantages Disadvantages [8 marks] 2 SULIT

2 (c) Explain the following samples of selection methods: i. Stratified sample ii. Haphazard sample [6 marks] (d) Identify THREE (3) actions that can be done by an auditor when an error has been identified. [6 marks] SOALAN 1 Pensampelan audit di definisikan sebagai satu prosedur ke atas kurang 100% item daripada bilangan populasi di mana setiap item akan mempunyai peluang untuk dipilih dan kesimpulan akan dibuat secara keseluruhan. Berdasarkan pernyataan diatas, nyatakan LIMA (5) tujuan pensampelan. [5 markah] Dengan menggunakan format jadual yang diberi, senaraikan DUA (2) kebaikan dan DUA (2) keburukan untuk Persampelan Statistik dan Persampelan Bukan Statistik. Persampelan Statistik Persampelan Bukan Statistik. Kelebihan Kelemahan Kelebihan Kelemahan [8 markah] (c ) Terangkan kaedah pemilhan sampel di bawah: i. Pensampelan Strata ii. Persampelan Teratur [6 markah] (d ) Tentukan TIGA (3) tindakan yang boleh dilakukan oleh seseorang juruaudit apabila kesilapan dikenalpasti. [6 markah] 3 SULIT

3 QUESTION 2 Explain FIVE (5) purposes of auditing the inventories and work in progress. [10 marks] Identify FIVE (5) of the suitable audit procedures on trade payable. [15 marks] SOALAN 2 Terangkan LIMA (5) tujuan pengauditan ke atas inventori dan kerja dalam proses. [10 markah] Kenalpasti LIMA (5) prosedur audit yang sesuai dijalankan ke atas pemiutang. [15 markah] QUESTION 3 International Standard on Auditing (ISA) 560: Subsequent Events, All auditors are required to obtain sufficient appropriate audit evidence about whether events occuring between the date of the financial statement and the auditors s report that materially effect the financial statements are appropriately reflected in those financial statements. With respect to subsequent events: Define subsequent events and give ONE example of subsequent event. [4 marks] 4 SULIT

4 Explain SIX (6) of general audit procedures to review the events occurring between the date of the financial statements and the date of the auditor s report. [12 marks] The auditor should be aware of the subsequent events that are materially affecting the financial statements. As an auditor, you are aware of the following matters: (iii). (iv). (v). (vi). Disposal of equipment not being used in operations at a price below the current book value. A major business combination after the date of report. Announcing a plan to discontinue an operation. Sales of investment below the cost price. Issuance of security bonds. Discovery of fraud that show that the financial statements are incorrect. For each of the events above, you are required to identify whether the financial statement requires adjustment or disclosure action. [9 marks] 5 SULIT

5 SOALAN 3 Piawaian Pengauditan Antarabangsa (ISA) 560: Peristiwa Selepas Tarikh Kunci-Kira, Setiap juruaudit dikehendaki mendapatkan bukti audit yang mencukupi berkaitan peristiwa yang berlaku di antara tarikh Laporan Kewangan dan Laporan Audit yang material dimana akan mempengaruhi Laporan Kewangan. Dengan berdasarkan pernyataan diatas: (i) Takrifkan peristiwa selepas kunci kira-kira dan SATU contoh peristiwa selepas kunci kira-kira. [4 markah] (ii) Terangkan ENAM (6) prosedur audit umum untuk melihat semula peristiwa yang berlaku di antara tarikh penyata kewangan dan tarikh laporan juruaudit [12 markah] Seorang juruaudit harus sedar akan peristiwa-peristiwa yang timbul selepas tarikh kunci kira-kira yang material dan mempengaruhi Laporan Kewangan. Anda sebagai juruaudit telah dimaklumkan tentang peristiwa-peristiwa yang timbul selepas tarikh kunci kira-kira sepert berikut : (iii). (iv). (v). Peralatan yang tidak digunakan dijual semula pada harga di bawah nilai buku semasa. Penggabungan perniagaan selepas tarikh pelaporan Pengumuman perancangan untuk perberhentian operasi Pelaburan dijual pada harga di bawah nilai kos Penerbitan bon sekuriti.. (vi). Penemuan fraud yang menunjukkan Laporan Kewangan adalah tidak benar. Bagi setiap peristiwa diatas, bincangkan samada Laporan Kewangan perlu pelarasan atau pendedahan. [9 markah] 6 SULIT

6 QUESTION 4 Define and give ONE (1) objective of an investigation. [3 marks] List SEVEN (7) general procedures of investigation. [7 marks] (c) Auditing and Investigation are two different things. Compare and contrast in terms of the following: (iii). (iv). (v). Objectives. Level of skills. Work scope. Method Period. [15 marks] SOALAN 4 Nyatakan definisi penyiasatan dan SATU (1) objektif utama penyiasatan. [3 markah] Senaraikan TUJUH (7) prosedur bagi penyiasatan umum. [7 markah] (c) Pengauditan dan penyiasatan adalah dua perkara yang berbeza. Bandingkan keduanya berdasarkan terma-terma berikut : i. Objektif ii. iii. iv. Tahap kemahiran Skop bidang Tatacara v. Tempoh masa [15 markah] SOALAN TAMAT 7 SULIT