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Câu 66: The following are examples of internal controls which operate at XYZ ple.

For each example, select the type of control activity which it illustrates:

The receivables ledger clerk posts invoices to the receivables ledger.

The cash book clerk posts cashreceipts to the receivables ledger

• Performance review

• Information processing

• Segregation of duties

Câu 67: The following are examples ofninternal controls which operate at ABC Ltd.

For example, select the type of contro! activity which it illustrates:

The financial accountant signs the bank reconciliation, which has been prepared by a member of his staff.

• Authorisation

• Performance review

Câu 68: Which TWO of the following are authorisation control activities

 

• A bank reconciliation signed by the finance director

• A cheque payment run approved by the finance director

• An appraisal ofthe sales ledger clerk by the finance director

• A trial balance complied by the finance director

Câu 69: ‘An audit committee is a committee with responsibility for audit related matters

Which ONE of the following should be members of an audit committee?

• Executive directors only

• Non-executive directors only

• Non-executive directors and internal auditors

• Non-executive directors and external auditors

Câu 70: The following are examples of internal controls which operate at ABC ple.

For example, select the type of control activity which it illustrates:

The payables ledger clerk posts invoices to the payables ledger. The cash book clerk posts cash receipts to the payables ledger

• Segregation of duties

• Performance review.

Câu 71: Which ONE of the following is not part of an entity's risk assessment process?

• Identify relevant business risks

• Estimate the impact of risks

• Assess the likelihood of occurrence

• Decide upon actions to manage the risks

• Report the process to the auditors

Câu 72: financial statements expresses annopinion on a number of matters. Some of these matters are required by the Companies Act 2006 to be reported on by exception only.

Which TWO of the following are reported on by exception only?

The financial statements have been prepared in accordance withthe requirements of the Companies Act 2006

• Adequate accounting records have been kept

• Directors remuneration has been disclosed correctly

• Information in the director's report is consistent with the financial statement

Câu 73: Two types of procedures used in gathering evidence are test of controls and substantive procedures.

For each of the following examples select the type of procedure illustrated.

Reviewing invoices paid for evidence of authorisation

• Test of control

• Substantive procedure

Câu 74;  Two types of procedures used inngathering evidence are test of controls and substantive procedures.

For each of the following examples select the type of procedure illustrated.

Calculation of the gross profit margin and comparison with that of the previous accounting period

• Test of controls

• Substantive procedure

Câu 75: Two types of procedures used in gathering evidence are test of controls and substantive procedures

For each of the following examples select the type of procedure illustrated.

Observation of opening the post

• Test of control

• Substantive procedure