mike p7独立录制私播完结版基础课文字b2quality control

ISQCQualitycontrolforfirmsthatperformauditsandreviewsoffinancialstatements,andotherassuranceandrelatedservicesQualitycontrolinanauditoffinancialElementsofasystemofqualitycontrolThefirm'ssystemofqualitycontrolshouldincludepoliciesandproceduresaddressingeachofthefollowingelements:LeadershipresponsibilitiesforqualitywithintheEthicalAcceptanceandcontinuanceof relationshipsandspecificengagementsHuman1LeadershipresponsibilitiesforqualitywithinthefirmThefirmshallestablishpoliciesandproceduresdesignedtopromoteaninternalculturerecognisingthatqualityisessentialinperformingThisisachievedinthefollowingThefirmassignsitsmanagementresponsibilitiessothatcommercialconsiderationsdonotoverridethequalityofworkperformed;Thefirm’spoliciesandproceduresaddressingperformanceevaluation,compensationandpromotionaredesignedtodemonstratethefirm’soverridingcommitmenttoquality;andThefirmdevotessufficientresourcesfortheationandsupportofitsqualitycontrolpolicies2EthicalrequirementsThefirm toprovideitwithreasonableassurancethatthefirmandnelcomplywithrelevantethical3Acceptanceandcontinuanceof engagementsThefundamentalrequirementsarethatafirmmust toperformtheengagementandwhetherthehasthecapabilities,includingtimeandresourcestodo–Whethertherelevant canbecompliedwith,,andwhetherthereiswhichwouldleadittoconcludethat lacks4HumanresourcesThefirmshallestablishpoliciesandproceduresdesignedtoprovideitwithreasonableassurancethatithassufficient nelwiththecapabilities,competence,andcommitmenttoethicalprinciplesnecessarytoperformengagementsinaccordancewithprofessionalstandardsandregulatoryandlegalrequirements,andtoenablethefirmorengagementpartnerstoissuereportsthatareappropriateintheAssignmentof neltoengagementsAuditworkistobeassigned nelwhohavethedegreetechnicaltrainingandproficiencyrequiredintheRiversCoisa .Firmrequiresitsstafftorecordeachhourspendworkingon inthefirm'stimemanagementBobNewbold–auditengagementPatCanley–seniorauditmanagerAnesaKineton–auditmanagerSixauditassistantsTotaltimespenton

635130173【2013/12】Theaudithasbeenquitetime-【2020/12】Theauditworkongoingconcernhasbeeninappropria delegatedtoanaudit whowouldnothavethenecessaryskillorexperience.Thisisespeciallyconcerninggiventhatgoingconcernwasidentifiedasa .Theworkshouldhavebeenperformedbyamoreseniormemberoftheteam,probablyoneoftheauditmanagers.【2018/09】Theassignmentofapart-qualifiedsupervisortotheauditofisalsoindicativeofpooraudit nning.Theauditsupervisorappearstohaveinadequateskillsandexpertisetoauditthispublicinterest :The ontheauditalsoappeartobeinadequategiventhatthereareonlytwoauditteammembers.Thisisagainindicativeofpooraudit 【2013/12】Juniorgoingconcern5EngagementperformanceThefirmshallestablishpoliciesandproceduresdesignedtoprovideitwithreasonableassurancethatengagementsareperformedinaccordancewithprofessionalstandardsandregulatoryandapplicablelegalrequirements,andthatthefirmortheengagementpartnerissuereportsthatareappropriateinthecircumstances.Direction,supervisionandreviewDirection指导的具体要求：

haveSupervision监督的具体要求：跟进审计业Review

ourbesttocompletealloftheauditworkbutweonlysawRodneyonthefirstdayoftheauditaboutamonthagowhenIthinkhewasalreadyfeelingunwell.Wehadashortmeetingwithhimatwhichhetoldus'ifindoubt,followlastyear'sworking'It'sgreattohaveyouonboardasIwasbeginningtoworrythattherewouldbeno ofourworkingpaperspriortothefinalauditclearancemeetingnext项目组内部 。【2013/12】‘TwoofthejuniorsweregiventasksofauditingtradepayablesTheauditmanageraskedustorevieweachother'sworkasitwouldbegoodtrainingforus,andhedidn'thavetimetorevieweverything.项目组内部【2018/09】Inaddition,thereappearstobenoevidenceofengagementpartneroversightoverthecourseoftheauditfieldworkanditistheengagementpartner’sresponsibilitytoensurethattheyhavereviewedthe ationtoensurethatsufficientappropriateevidencehasbeenobtainedandthattheauditor’sreportissuedinthecircumstancesisappropriate.【2020/12】Itispossiblethatthereevidencetosupporttheauditopinionwhichhasbeenissued,orthat evidencehasbeenobtained.【2020/12】Thereisalsoarelatedissueregardingthedelegationofwork.Possiblysomeofthedetailedreviewoftheworkingpaperscouldhavebeendelegatedtosomeoneotherthantheauditpartner,inwhichcasetheseniorauditmanagerPatCanleywouldbetheappropriate toperformthiswork.HoweverPatonlyrecordedsixhoursofworkontheauditInsteaditappearsthatmostofthefinalreviewwasperformedbyanewlypromotedauditmanagerwhowouldnothavethenecessaryexperiencetoperformthisreview.Especiallygiventhatgoingconcernwasidentifiedasa ,meaningthattheauditpartnerhasevenmorereasonforinvolvementinthefinalreviewofauditwork.【MJ：全球第一高分答案，随缘】Consultation。

Consultationincludesdiscussion,attheappropriateprofessionallevel,withindividualswithinoroutsidethefirmwhohavespecialisedexpertise,toresolveadifficultorcontentiousEffectiveconsultationwithotherprofessionalsrequiresthatthoseconsultedbegivenalltherelevantfactsthatwillenablethemtoprovideinformedadviceontechnical,ethicalorothermatters.Engagementqualitycontrolreviews会计师应当制定政策和程序，要求

Engagementqualitycontrolreviewsarerequiredforallauditsoffinancialstatementsofandotheraudit,assuranceandrelatedservicesengagementsmeetingappropriatecriteriasetbythefirm,egnature,unusualcircumstancesorrisks,lawsandregulationsrequiringareview.Thisreviewisperformedpriortosigningtheopinionandisoftenreferredtoasa or'hot'Asthisisalistedaudit ,anEngagementQualityControlReviewshouldhavebeenperformed.Itisnotclearwhetherthis ceornot,butnotimehasbeenrecordedforthisreview.Ifawascarriedoutthenitshouldhavepickedtheseproblemspriortotheauditopinionbeing除上述方法外，会计师还可以视情况需要，采用其他适当的复6MonitoringThefirmshallestablishamonitoringprocessdesignedtoprovideitwithreasonableassurancethatthepoliciesandproceduresrelatingtothesystemofqualitycontrolarerelevant,adequateandoperatingeffectively.Suchpoliciesandproceduresshallincludeanongoingconsiderationandevaluationofthefirm’ssystemofqualitycontrolincluding,ona ,inspectionofatleastonecompletedengagementforeachengagementpartner.Themonitoringprocessisfocusedoncompletedengagementswheretheauditreporthasalreadybeensignedandisoftenreferredtoasapostissuanceor'cold'review.2020/12Q2a)一定要自己独立阅读题目和答案，再来听我点2020/12Q2Commentonthe ofthe nningandperformanceoftheauditofRiversCo,discussingthequalitycontrol, andotherprofessionalissuesraisedandmendingappropriateactionstobetaken.(15marks)Itis1July20X5.YouareanauditmanagerinWelford&Co,afirmofCharteredCertifiedAccountants.Yourroleincludesperformingpost-issuanceauditqualityreviews,andyouhavebeenaskedtoreviewtheauditworkperformedonRiversCoforthefinancialyearendedYouhavegatheredthefollowinginformationfromyourreviewofauditAuditteamandRiversCoisalisted operatingintheconstructionindustry. complieswithcorporate ernanceregulationsandhasanauditcommittee.RiversCohasbeenanaudit ofWelford&Coforeightyears,andBobNewboldhasbeentheauditengagementpartnerduringthistime.RiversCo'sauditor'sreportwassignedbyBobNewboldandissuedlastweek.Thereportcontainedanunmodifiedopinion.Welford&Corequiresitsstafftorecordeachhourtheyspendworkingoninthefirm'stimemanagementsystem.FromreviewingthetimerecordsrelatingtotheauditofRiversCo,youareawarethatBobandtheotherauditteammembersrecordedthefollowingamountoftimeontheaudit:BobNewbold–auditengagementPatCanley–seniorauditmanagerAnesaKineton–auditmanagerSixauditassistantsTotaltimespenton

635130173ItisapparentfromyourreviewthatalmostallofthedetailedreviewoftheauditworkingpaperswascompletedbyAnesaKineton,whohasevidencedherreviewbystating'finalreview'oneachpageoftheauditfile.Shehasrecentlybeenpromotedtoauditmanager.YouarealsoawarethatBobNewboldbookedatotalof40hourstoRiversCoinrespectofnon-auditworkperformed.Theonlyinformationyoucanfindinthe ationisthatthenon-auditworkrelatedtoa'specialinvestigation',andthatBobconfirmsthatitdoesnotcreateathreattoauditorobjectivity.Thetotalfeechargedfortheauditwas$250,000andthefeeforthe'specialinvestigation'wasGoingFromreviewingtheauditworkingpapers,youareawarethatgoingconcernwasidentifiedasa auditriskatthe nningstageoftheauditduetolowprofitmarginsorlossesbeingmadeonmanyofthe'sconstructioncontractsandincreasingeconomicuncertainty.typicallyhas20contractsongoingatanyMostoftheauditworkongoingconcernwasperformedbyMaryLoxley,anauditassistantwhohasjusttakenherlastprofessionalexamandisnotyetqualified.Themajorityoftheauditworkperformedongoingconcernfocusedonareviewoffivemajorcontractstodeterminetheirprofitability. ofRiversCoidentifiedthemajorcontractsforreviewandprovidedMarywithforecastsindicatingthatthecontractswouldallmakeasmallprofit.Maryconfirmedthatthe usedintheforecastsagreedtoassumptionsusedinpreviousyearsandconcludedthatthecontractswhichshehadreviewedsupportthegoingconcernstatusof .Havingreviewedthesemajorcontracts,Marycompletedtheconclusionongoingconcern,statingthatthereisnosignificantuncertaintyovergoingconcern.AnswerBobNewboldhasbeenactingasauditengagementpartnerforeightyears.AsRiversCoisalisted thisgoesagainsttherequirementsoftheCodewhichrequiresthatanindividualshallnotactastheengagementpartnerformorethansevenyears.TheremayalsobeafamiliaritythreatduetocloserelationshipsbetweentheauditengagementpartnerandmanagementofRiversCo,meaningthatthepartnerceasestoexercisesufficientprofessionalscepticism,impactingonauditquality.BobNewboldshouldbe cedassoonaspossiblebyanotherauditThefactthatBobhasbeenallowedtocontinueasauditpartnerforlongerthantheperiodallowedbytheCodeindicatesthatFirm'smonitoringofthelengthoftimepartnersact sseemsdeficient.Thefirmshouldreviewwhetherthe orprcedureisoperatingeffectivelyandmakeanynecessaryimprovements.BobNewboldhas forauditworkperformedonRiversCo.Thepartnerisrequiredtotake forthesupervisionandperformanceoftheaudit.HeshouldhavespentmoretimeontheauditandinparticularonthefinalreviewThereisalsoanissuearound whichhasbeenrecordedfortheworkperformedon .Atotalof173hoursdoesnotseemsufficientfortheauditofa,suggesting couldhavebeenimpactedbyinadequatetimespentnningandperformingtheauditThereisalsoarelatedissueregardingthedelegationofwork.Possiblysomeofthedetailedreviewoftheworkingpaperscouldhavebeendelegatedtosomeoneotherthantheauditpartner,inwhichcasetheseniorauditmanagerPatCanleywouldbetheappropriate toperformthiswork.However,Patonlyrecordedsixhoursofworkontheaudit.Insteaditappearsthatmostofthefinalreviewwasperformedbyanewlypromotedauditmanagerwhowouldnothavethenecessaryexperiencetoperformthisreview.Especiallygiventhatgoingconcernwasidentifiedasa,meaningthattheauditpartnerhasevenmorereasonforinvolvementinfinalreviewofauditItispossiblethatthereissued,or

evidencetosupporttheauditopinionwhichhasevidencehasbeenSpecialRiversCoisalisted ,andtheCodeprohibitstheauditfirmfromprovidingcertainnon-auditservices,forexamplecertaininternalauditservices,valuationservicesandtaxservices.Thelackof meansthatWelford&CocouldhaveprovidedaprohibitedserviceandthereforebeinbreachoftheCode.Thefactthat$890,000waschargedforthisspecialinvestigationandjustthematterofinadequate ationisacauseforconcern.Thereisalsoapossibilitythatthefirmhasacceptedthismoneyfromthe butprovidednoservice.Thiswouldbeaveryseriousissue,couldbeperceivedas iscreatedasthevalueoftheservicesprovidedissubstantialcomparedtotheauditfee.BobNewbold'sfocusappearstohavebeenonthespecialinvestigationperformedforRiversCo,towhichhebooked40hoursoftime.Welford&Coshouldensurethatitspoliciesand ationonengagementacceptance,especiallyinrelationtoadditionalservicesforexistingaudit s,arereviewedandmademorerobustifnecessary.AuditofgoingTheauditworkongoingconcernhasbeeninappropria ydelegatedtoanaudit whowouldnothavethenecessaryskillorexperience.Thisisespeciallyconcerninggiventhatgoingconcernwasidentifiedasa .Theworkshouldhavebeenperformedbyamoreseniormemberoftheteam,probablyoneoftheauditmanagers.ItisconcerningthattheauditworkappearstohavebeenbasedonareviewofcontractswhichwerebyFirst,onlyfivecontractswerereviewedbutthe istypicallyworkingon20contractsatonetime.Soitislikelythatthecoverageoftheauditworkwasinsufficient,andmorecontractsshouldhavebeensubjecttoreview.Second,Managementselectionofcontractsislikelytobesubjecttobias.Thiswouldcreateafalseimpressionoftheperformanceofthe asawhole,leadingtoaninappropriateconclusionongoingconcernbeingreached.Finally,Assumptionsshould agreedasconsistentwiththepreviousyear,especiallyinasituationofincreasingeconomicuncertaintyasappliesinthiscase.ThelackoffurtherauditprocedurestochallengetheassumptionsshouldbemeansthattheauditevidenceislikelytobeinsufficientlyrobustinthisAnswerAsthisisalistedaudit ,anEngagementQualityControlReviewshouldhavebeenperformed.Itisnotclearwhetherthistook ceornot,butnotimehasbeenrecordedforthisreview.Ifa wascarriedoutthenitshouldhavepickeduptheseproblemspriortotheauditopinionbeingAnswerAuditItisconcerningthattheauditcommitteeofRiversCodoesnotappeartohaveraisedconcernsabouttheissuesdiscussed,especiallytheprovisionofthenon-auditserviceandthelengthoftimewhichBobNewboldhasservedasauditengagementpartner.Oneoftherolesoftheauditcommitteeistooverseeethicalissuesrelatingtotheexternalauditorandtobeinvolvedwiththeengagementofexternalproviders.Welford&Coshouldensurethatthesemattersarediscussedwiththeauditcommitteesothatfurtherethicalissuesdonotariseinthefuture.AnswerFromthediscussionaboveitcanbeseenthattherearemanyproblemswiththeauditofRiversCo.BobNewboldappearstohaveignoredhisresponsibilitiesasauditengagementpartner,andtheauditfirmneedstodiscussthiswithhim,considerfurthertrainingorpossiblytakingagainstWelford&Coneedtoimplementprocedurestoensureallworkiscarriedoutattheappropriatelevelof nelwiththeappropriateexperienceandthattrainingisgiventostafftoensuretheyunderstandthe doesnotpickorspecifytheauditworktobecarriedoutinanyarea,itistobeselectedbytheauditteaminaccordancewiththeauditfirmsmethodologyandsamplingMarkingSchemeGenerally,up foreachwell inedLongassociationofauditpartnerbreachestheIESBACode7 umperiodSelfinterestthreatidentifiedand Familiaritythreatidentifiedand

Bobwithanewauditpartnerassoonasofthelengthoftimepartnersact sseemsAuditpartnershouldhavespentmoretimeontheauditandinparticularonthefinal–Thetotalamountoftimespentontheauditappearslowfortheauditofa implicationsforauditInappropriatedelegationoftasks,thejuniorauditmanagerlacksTheremaynotbesufficient,appropriateevidencetosupporttheaudit–Welford&Comayhaveprovidedaprohibitednon-auditservicetoRiversCo,aThesizeoffeeforthenon-auditservicecreatesBob'sinvolvementwiththenonauditservicecreatesfamiliaritythreatstoaudit–Lack ationcouldindicatethatnoworkhasbeenperformed–possiblyfromWelford&Cotoreviewpolicies,procedures ationonengagement–Apparentlack beingcarriedoutbeforetheopinionwasInappropriatedelegationofworkongoingconcerntoaninexperiencedauditSampleofcontractsreviewedistoosmall–insufficientevidence–Managementselectionofcontractsislikelytobesubject –theauditorshouldselectcontractsshouldbeInsufficientworkongoingconcern shouldbechallengednotagreedtopriorauditcommittee–shouldhaveidentifiedtheethicalandauditqualityummarks2018/09Q3b)一定要自己独立阅读题目和答案，再来听我点2018/09Q3Commentonthequalityofthe nningandperformanceoftheauditofWatsonCodiscussingthequalitycontrolandotherprofessionalissuesraised.(10marks)Commenton of nningandperformanceoftheauditRiversCo,discussingthequalityissuesraisedandmending

andothertobetaken.(15OneofyourcolleaguesatJansen&Co,RodneyEvans,hasbeentakenillatshortnoticeandyouhavebeentemporarilyassignedasauditmanageronWatsonCo,anITconsultancy whichislistedonasecondtierinvestmentmarket.ThefinalauditofWatsonCofortheyearended30June20X8isapproachingcompletionandyouareintheprocessofreviewingtheauditworkingpapers.Thedraftfinancialstatementsfortheyearrecogniseprofitbeforetaxationfortheyearof$54·2millionandtotalassetsof$23·1Theauditsupervisor,whoisapart-qualifiedcharteredcertifiedaccountant,hassentyouan fromwhichthefollowingextractis'It'sgreattohaveyouonboardasIwasbeginningtoworrythattherewouldbenomanagerreviewofourworkingpaperspriortothefinalauditclearancemeetingnextweek. doneourbesttocompletealloftheauditworkbutweonlysawRodneyonthefirstdayoftheauditaboutamonthagowhenIthinkhewasalreadyfeelingunwell.Wehadashortbriefingmeetingwithhimatwhichhetoldus'ifindoubt,followlastyear'sworkingpapers.'OneissuewhichIwantedtocheckwithyouisthatWatsonCohasintroducedacash-settledshare-basedpaymentschemebygrantingitsdirectorsshareappreciationrights(SARs)forthefirsttimethisyear.Thiswasnotidentifiedatnningasahighriskarea.TheSARsweregrantedon1July20X7atwhichdatethe obtainedavaluationoftherightswhichwasperformedbyanexternalfirmofvaluers.IhavefiledacopyofthevaluationreportandIhavelookedupthevaluersonlineandhavefoundaveryprofessionallookingwebsitewhichconfirmsthattheyknowwhattheyare ng.ThecostoftheSARsschemebasedonthisvaluationisbeingappropria yrecognisedoverthethree-yearvestingperiodandastraightlineexpenseof$195,000hasbeenrecognisedinthestatementofprofitorlossonthisbasis.Acorrespondingequityreservehasalsobeencorrectlyrecognisedonthestatementoffinancialposition.TheamountalsoseemsimmaterialandIcan'tseeanyneedtoproposeanyamendmentstothefinancialstatementsinrelationtoeithertheamountsrecognisedorthedisclosuresmadeinthenotestothefinancialstatements.’AnswerTheshare-basedpaymentschemeisacomplexandjudgementalareaandgiventhattheschemewasonlyintroducedintheyear,itshouldhavebeenidentifiedasakeyareaofauditrisk.Thefailuretoidentifythenewcash-settledshare-basedpaymentschemeasapotentiallyriskareaindicates nningandalackTheassignmentofapart-qualifiedsupervisortotheauditof

with isalsoindicativepoor nning.TheauditsupervisorappearstohaveinadequateskillsandexpertisetothispublicinterestThisisevidencedbytheincorrecttreatmentoftheshare-basedpaymentschemeandtheauditsupervisor’scommentthatbasingtheexpenseintheprofitorlossaccountonthevaluationatthedateofgrantisappropriateandthattherecognitionofanequityreserveonthestatementoffinancialpositioniscorrectinthe totheauditmanager.AccordingtoIFRS2Share-basedPayments,thevaluationoftheshareappreciationrightsforacash-settledschemeshouldbeupdatedatthereportingdateandthestandardrequiresrecognitionofthecumulativecostoftheschemeasa ,notasanequityreserve.Thesupervisoriscorrectinsayingthatthecostoftheschemethisyearof$195,000isimmaterialona tativebasis(itrepresentsonly0·36%ofprofitbeforetaxationand0·84%oftotalassets).However,asa withdirectors,theschemeshouldbeconsideredtobematerialbynatureandshouldbefullydisclosedinthenotestothefinancialstatementsinaccordancewithIAS24RelatedPartyDisclosures.TherelatedpartydisclosuresareparticularlyimportantforalistedentitysuchasWatsonCo.Allmisstatementsshouldbeaccumulatedandthereforetheerrorshouldalsohavebeenincludedintheauditworkingpapersandadjustmentshouldhavebeenrequested. ontheauditalsoappeartobeinadequategiventhatthereareonlytwoauditteammembers.Thisisagainindicativeofpooraudit Theoriginalauditmanager,RodneyEvans,hasprovidedanmeetingpriortothecommencementoftheauditastheauditormustalwaysbeonthelookfornewsituationsandissuessuchasthenewshare-basedpaymentInaddition,itisclearthatWatsonCohasfailedto

of

AnswerJansen&Cohas progressoftheauditandthereforetoupdateandchangetheaudit asnecessaryduringthecourseoftheaudit.Thisisevidencedbythefactthattheauditclearancemeetingisscheduledfornextweekandtheinitialmanagerreviewisonlyjusttaking Inaddition,thereappearstobenoevidenceofengagementpartneroversightoverthecourseoftheauditfieldworkanditistheengagementpartner’sresponsibilitytoensurethattheyhavereviewed ationtoensurethatsufficientappropriateevidencehasbeenobtainedandthattheauditor’sreportissuedinthecircumstancesisappropriate.AnswerThereappearstobealackofauditevidenceinrelationtothefirmofexternalvaluerswhichhasbeenusedtovaluetheshareoptions.Theauditorshallobtainsufficientandappropriateauditevidencethatthevaluationworkperformedbythemanagementexpertis forthepurposesoftheaudit.Theauditormustthereforeevaluatewhethermanagement’sexpertpossessesthenecessarycompetence,capabilitiesandobjectivitytoperformthevaluationsandwhetherthescopeoftheirworkissatisfactoryforauditpurposes.The‘checkingout’oftheexpertonlinewithreferencetoawebsiteisclearlyinadequateforauditpurposesandthisagainreflectstheinexperienceandlackofexpertiseoftheauditsupervisorandpooraudit nningwithrespecttothestaffingontheaudit.MarkingSchemeGenerally,up foreachwell ined reSBPscheme(ISAcomplexjudgementalarea,shouldhavebeenidentifiedashighPart-qualifiedsupervisor,inadequateskillsandexpertiseforthis–TreatmentofSBPisincorrect,valuationshouldhaveforcash-basedRecognitionasequityreserveisalsoincorrect,IFRS2requiresrecognitionliabilityforcash-based–SBPisimmaterial tatively(extra1markforrelevantcalculationandcomment)butschemeisRPTwithdirectorswhichismaterialbynatureespeciallyforlistedentityErrorshouldhavebeencalculatedandadjustment–ThemattershouldhavebeenincludedintherelatedpartydisclosurenotesaccordancewithIAS–Inadequatestaffinglevels–onlytwo-memberteamandauditmanagershouldhavebeen –Inadequatebriefingmeeting,poorqualityadvicetofollowlastyear’sworkingpapers–shouldbeonlookoutfornewsituationsandInsufficientmonitoringandsupervisionbyauditNoevidenceofpartneroversightduringcourseofaudit–Failuretoupdateandchangeaudit nasnecessaryduringcourseofaudit(ISA300);clearancemeetingisnextweekandmanagerreviewisonlyjusttaking –Lackofauditevidencereexternalvaluer–competence,capabilities,objectivity,scopeofwork;referencetowebsiteisinadequateandreflectsinexperienceandlackofexpertiseofsupervisor(uptofordevelopmentofJune2013Q2一定要自己独立阅读题目和评分标准，再来听我InrelationtotheauditoftheRetrieverGroup,evaluatethe andotherprofessionalmattersarisinginrespectofnningandperformanceoftheGroupaudit.(13Kennel&Co,afirmofCharteredCertifiedAccountants,istheauditproviderfortheRetrieverGroup(theGroup),amanufacturerphonesandlaptopcomputers.TheGroupobtainedastockexchangelistinginJuly2012.Theauditoftheconsolidatedfinancialstatementsfortheyearended28February2013isnearingcompletion.YouareamanagerintheauditdepartmentofKennel&Co,responsibleconductingengagementqualitycontrolreviewsonlistedaudit YouhavediscussedtheGroupauditwith theauditteam,oneofwhommadethefollowingcommentsabouthowit nnedandcarriedout:‘Theaudithasbeenquitetime-pressured.Theauditmanagertold

toperformsomeof nnedauditproceduresonitemsandsharecapitalastheyareconsideredtoberisk.Healsoinstructedusnottousethefirm'sstatisticalsamplingmethodsinselectingtradereceivablesbalancesfortesting,asitwouldbequickertopickthesamplebasedonourownjudgement.‘TwoofthejuniorsweregiventhetasksofauditingtradepayablesandTheauditmanageraskedustorevieweachother'sworkasitwouldbegoodtrainingforus,andhedidn'thavetimetoreview‘IwasdiscussingtheGroup'staxpositionwiththefinancialcontroller,whenshesaidthatshewasstrugglingtocalculatethedeferredtaxassetthatshouldberecognised.ThedeferredtaxassethasarisenbecauseseveraloftheGroup'ssubsidiarieshavebeenAsIhadjuststudieddeferredtaxatcollegeIdidthecalculationoftheGroup'sdeferredtaxpositionforher.Theauditmanagersaidthissavedtimeaswenowwouldnothavetoauditthedeferredtaxfigure.‘ThefinancialcontrolleralsoaskedformyastohowthetaxlossescouldbeutilisedbytheGroupinthefuture.Iprovidedherwithsometaxnningmendations,forwhichshewasMarkingSchemeUpto2marksforeachmatterevaluated(upto um3marksforidentificationonly)––nned onpotentiallymaterialSamplingmethodchanged–increasessamplingInappropriatereviewbyInappropriatedelegationofDeferredtax–managementnotDeferredtax–self-review/managementresponsibility nning–non-auditservicewithadvocacyJuniorlacksexperienceforthisworkregardlessofethicalJuniornotsupervised/directed OverallAnswerTherearemanyconcernsraisedregardingqualitycontrol.AuditsshouldbeconductedwithadherencetoISA220QualityControlforanAuditofFinancialStatementsanditseemsthatthishasnothappenedinrelationtotheauditoftheRetrieverGroup,whichisespeciallyconcerning,giventheGroupobtainingalistingduringtheyear.Itwouldseemthatthelevelofstaffingonthisassignmentinsufficient,andthattaskshavebeen ytojuniormembersofTimepressureThejunior’sfirstcommentisthattheauditwastimepressured.Allauditsshouldbe nnedtoensurethatadequatetimecanbespenttoobtainsufficientappropriateauditevidencetosupporttheauditopinion.Itseemsthattheauditisbeingrushedandthejuniorsinstructednottoperformworkproperly,andthatreviewproceduresarenotbeingconductedappropria y.Allofthisincreasesthedetectionriskoftheauditand,ultima leadtoaninappropriateopinionbeinggiven.ProceduresnotperformedThejuniorshavebeentoldnottocarryoutsome proceduresonallegedlylowriskareasoftheauditbecauseoftimepressure.Itisnotacceptabletocutcornersbyleavingoutauditprocedures.Evenifthebalancesareconsideredtobelowrisk,theycouldstillcontainmisstatements.Directors’emolumentsarerelatedpartytransactionsandmaterialbytheirnatureandsoshouldnotbeAnymodificationstothennedauditproceduresshouldbediscussedwith,andapprovedby,seniormembersoftheauditteamandshouldonlyoccurforgenuinereasons.MethodofselectingsampleISA530AuditSamplingrequiresthattheauditorshallselectitemsforthesampleinsuchawaythateachsamplingunitinthepopulationhasachanceofselection.Theauditmanagerfavou