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1、财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究1AICPA考试AUD模拟资料三1、An auditor uses variables sampling techniques to project the inventory balance each yearfor comparison with the clients assertion regarding the inventory balance in the financialstatements.In 20X7,the auditors sample size was 112 inventor
2、y items.In 20X8,the number ofunits in inventory,the tolerable misstatement,and the required confidence were the same as in20X7;however,the population variability increased due to the introduction of a new product line.The 20X8 required sample sizes would,therefore,be:a.Larger than the 20X7 required
3、sample size.b.Smaller than the 20X7 required samples size.c.The same as the required sample size in 20X7.d.Indeterminate based on the information provided.【答案】A【解析】Choice 1 is correct.Population variability has direct effect on sample size.Choices 2,3,or 4 are incorrect,as population variability has
4、 direct effect on sample size.2、Which of the following is not true about the Department of Labors independenceguidelines?a.An immaterial direct financial interest in the plan does not impair independence.b.The independence guidelines apply to rendering an opinion on employee benefit plans.c.The inde
5、pendence guidelines prohibit the accountant from maintaining financial records for theemployee benefit plan.d.A former employee of the plan may be employed by the accounting firm.【答案】A【解析】Choice 1 is correct.Under the Department of Labors independence guidelines,any directfinancial interest in the p
6、lan impairs independence.Choice 2 is incorrect.The Department of Labors independence guidelines apply to rendering anopinion on employee benefit plans.Choice 3 is incorrect.The Department of Labors independence guidelines prohibit the accountantfrom maintaining financial records for the employee ben
7、efit plan.Choice 4 is incorrect.Under the Department of Labors independence guidelines,a formeremployee of the plan may be employed by the accounting firm provided the individual hascompletely disassociated from the plan sponsor and the individual does not participate in auditingthe financial statem
8、ents of the plan covering any period of his or her employment by the plan财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究2sponsor.3、Which of the following is not assessed by the auditor as pare of the decision regarding theacceptance of a new client?a.The audit firms ability to meet required reporting d
9、eadlines.b.The integrity of the audit firm.c.The audit firms ability to adequately staff the engagement.d.The independence of the audit firm【答案】B【解析】Choice 2 is correct.The audit should assess the integrity of client management(and notits own integrity)when deciding whether to accept a new client.Ch
10、oice 1 is incorrect.As part of the decision regarding acceptance of a new client,the auditorshould assess its ability to meet required reporting deadlines.Choice 3 is incorrect.As part of the decision regarding acceptance of a new client,the auditorshould assess its ability to adequately staff the e
11、ngagement.Choice 4 is incorrect.As part of the decision regarding acceptance of a new client,the auditorshould assess its independence.4、Henderson,CPA has decided to use probability-proportional-to-size(PPS)sampling,sometimes referred to as dollar-unit or cumulative-dollar-amount sampling,in the aud
12、it of aclients accounts receivable.Henderson will use the following PPS sampling table:Reliability Factors for Errors of OverstatementNumber of Overstatement Risk of Incorrect AcceptanceMisstatements 1%5%10%0 4.61 3.00 2.311 6.64 4.75 3.892 8.41 6.30 5.333 10.05 7.76 6.694 11.61 9.16 8.00Additional
13、Information:Tolerable misstatement(net of effect of expected misstatement)$126,000Risk of incorrect acceptance 5%Number of misstatements allowed 2财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究3Recorded amount of accounts receivable$700,000Number of accounts 500What sample size should Henderson use?a.3
14、5b.140c.126d.70【答案】A【解析】Choice 1 is correct.The reliability factor,as determined from the table,is 6.3.Samplinginterval is than calculated misstatement divided the reliability factor,or$126,000/6.3=$20,000.In a population of$700,000 with a sampling interval of$20,000,the sample size will be$700,000,
15、or 35 accounts.Choice 2,3,and 4 are incorrect,based on the above explanation.5.An auditor expressed an adverse opinion on the prior years financial statements because ofa lack of adequate disclosure.These statements are properly stated in the current year andpresented in comparative from with the cu
16、rrent years financial statements.The auditors updatedreport on the prior years financial statements should:a.Not change.b.Express an unqualified opinion with an explanatory paragraph(following the opinion paragraph)added to the report.c.Express an unqualified opinion with an explanatory paragraph(pr
17、eceding the opinionparagraph)added to the report.d.Make no reference to the type of opinion expressed on the prior years financial statement.【答案】c【解析】Choice 3 is correct.The auditors updated report should express an unqualified opinionwith an explanatory paragraph preceding the opinion paragraph.Cho
18、ice 1 is incorrect.The auditor should update the report for the change in circumstances.Choice 2 is incorrect.The explanatory paragraph should precede the opinion paragraph.Choice 4 is incorrect.The explanatory paragraph should include a discussion of why an adverseopinion was expressed during the previous year.参与AICPA的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取证财经网络教育领导品牌_高顿网校 All Rights Reserved版权所有 复制必究4券考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询，也欢迎您关注我们的官方微信（微信号：gaodunaicpa）。