Wednesday, 12 May 2021

LOGIN


Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 79

Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 95

Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 79

Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 95

Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 79

Notice: Undefined offset: 1 in /home/u557038684/domains/booksg.com/public_html/plugins/content/adsense/adsense.php on line 95
  • Written by Muhammad Ejaz
  • 24 Jul

FREE ACCA F8 BPP EXAM KIT 2018-2019 - FREE DOWNLOAD FOR PDF

FREE ACCA F8 BPP EXAM KIT 2016-2017 - FREE DOWNLOAD FOR PDF

FREE ACCA F8 BPP EXAM KIT 2016-2017 - FREE DOWNLOAD FOR PDF
(a) Explain the external auditors’ responsibilities in relation to the prevention and detection of fraud and error.

(4 marks)

You are the audit manager of Currant & Co and you are planning the audit of Orange Financials Co free acca books pdf (Orange), who

specialize in the provision of loans and financial advice to individuals and companies. Currant & Co has audited

Orange for many years.

The directors are planning to list Orange on a stock free acca books download pdf exchange within the next few months and have asked if the

engagement partner can attend the meetings with potential investors. In addition, as the finance director of Orange

is likely to be quite busy with the listing, he has asked if Currant & Co can produce the financial statements for the

current year.

During the year, the assistant finance director acca study materails of Orange left and joined Currant & Co as a partner. It has been

suggested that due to his familiarity with Orange, he should be appointed to provide an independent partner review

for the audit.

Once Orange obtains its stock exchange listing it will require several assignments to be undertaken, for example,

obtaining advice about corporate governance best practice.free download for pdf Currant & Co is very keen to be appointed to these

engagements, however, Orange has implied that in order to gain this work Currant & Co needs to complete the

external audit quickly and with minimal questions/issues.

The finance director has informed you that once the stock exchange listing has been completed, he would like the

engagement team to attend a weekend away at a luxury exam preparation & tutoring hotel with his team, as a thank you for all their hard work.

In addition, he has offered a senior member of the engagement team a short-term loan at a significantly reduced

interest rate.

Required

(b) (i)  Explain SIX ethical threats which may affect the independence of Currant & Co’s audit of Orange

Financials Co; and

(ii) For each threat explain how it might be reduced to an acceptable level.  (12 marks)

(c)  Orange is aware that subsequent to the stock exchange listing it will need to establish an audit committee

and has asked for some advice in relation to this.

Required

Explain the benefits to Orange of establishing an audit committee.  (4 marks)

 (Total = 20 marks)

18 Salt & Pepper 39 mins

Salt & Pepper & Co (‘Salt & Pepper’) is a firm of Chartered Certified Accountants which has seen its revenue decline

steadily over the past few years. The firm is looking to increase its revenue and client base and so has developed a

new advertising strategy where it has guaranteed that its audits will minimize disruption to companies as they will

not last longer than two weeks. In addition, Salt & Pepper has offered all new audit clients a free account

preparation service for the first year of the engagement, as it is believed that time spent on the audit will be reduced

if the firm has produced the financial statements.

The firm is seeking to reduce audit costs and has therefore decided not to update the engagement letters of existing

clients, on the basis that these letters do not tend to change much on a yearly basis. One of Salt & Pepper’s existing

clients have proposed that this year’s audit fee should be based on a percentage of their final pre-tax profit. The

partners are excited about this option as they believe it will increase the overall audit fee.

Salt & Pepper has recently obtained a new audit client, Cinnamon Brothers Co (Cinnamon), whose yearend is

31 December. Cinnamon requires their audit to be completed by the end of February; however, this is a very busy

time for Salt & Pepper and so it is intended to use more junior staff as they are available. Additionally, in order to

save time and cost, Salt & Pepper have not contacted Cinnamon’s previous auditors.

FREE ACCA F8 BPP EXAM KIT 2016-2017 - FREE DOWNLOAD FOR PDF

Finding questions 
Question index .............. v
Topic index..vii 
Helping you with your revision.......viii
Revising F8 
Topics to revise ............ ix
Question practice.......... ix
Passing the F8 exam ..... x
Exam information ....... xiv
Useful websites .......... xv 
Questions and answers 
Questions ......3 
Answers.......63 
Exam practice 
Mock exam 1 
· Questions.........185
· Plan of attack ...197
· Answers ...........198 
Mock exam 2 (CBE style)
· Questions.........215
· Plan of attack ...225
· Answers ...........226 
Mock exam 3 (Specimen Exam)
· Questions.........243
· Plan of attack ...255
· Answers ...........256 
Review form 

 

FREE ACCA F1 BPP EXAM KIT 2016-2017FREE ACCA F8 BPP EXAM KIT 2016-2017 - FREE DOWNLOAD FOR PDF
free acca books download
free acca books pdf