Tirrol Co provides repair services to motor vehicles from 25 different locations. All inventory, sales and purchasing systems are computerised, with each location maintaining its own computer system. The software in each location is
the same because the programs were written specifically for Tirrol Co by a reputable software house. Data from each location is amalgamated on a monthly basis at Tirrol Co’s head office to produce management and financial accounts.
You are currently planning your audit approach for Tirrol Co. One option being considered is to re-write Cal & Co’s audit software to interrogate the computerised inventory systems in each location of Tirrol Co (except for head office)
as part of inventory valuation testing. However, you have also been informed that any computer testing will have to be on a live basis and you are aware that July is a major holiday period for your audit firm.
Required:
(a) (i) Explain the benefits of using audit software in the audit of Tirrol Co; (4 marks)
(ii) Explain the problems that may be encountered in the audit of Tirrol Co and for each problem, explain
how that problem could be overcome. (10 marks)
(b) Following a discussion with the management at Tirrol Co you now understand that the internal audit department are prepared to assist with the statutory audit. Specifically, the chief internal auditor is prepared to provide you with documentation on the computerised inventory systems at Tirrol Co. The documentation provides details of the software and shows diagrammatically how transactions are processed through the inventory system. This documentation can be used to significantly decrease the time needed to understand the computer systems and enable audit software to be written for this year’s audit.
Required:
Explain how you will evaluate the computer systems documentation produced by the internal audit
department in order to place reliance on it during your audit. (6 marks)
第1题
Which of the following statements can you infer from the passage?
A.The riders are competitive and fond of taking risks.
B.People except the riders show little interest in cyclo-cross.
C.Before 1967, amateur and professional classes had never been separated in competition.
D.Helpers are often hired by the riders.
第2题
What leads to a stable growth of population for most of human history?
A. Species competition.
B. Low fertility.
C. Tribal fights.
D. High mortality.
第3题
Our stocks include a wide range of first-class electrical typewriters at very competitive prices.They have the correcting and automatically storing system. From the catalogues enclosed, you will find that our prices are much lower than those in the market.(英译中)
第4题
If you can make photographs, what can you do to enhance your skills?
A.Enter photo competitions.
B.Take as many photos as possible.
C.Take a community college class.
D.Learn from other photographers.
第5题
The best title for this article is______.
A.Population Growth in America
B.Regional Competition in America
C.Regional Population Imbalance in America
D.Change of Population Growth Rate in America
第6题
What does Krueger study tell us?
A. Getting into Ph. d. programs may be more competitive than getting into college.
B. Degrees of prestigious universities do not guarantee entry to graduate programs.
C. Graduates from prestigious universities do not care much about their GRE scores.
D. Connections built in prestigious universities may be sustained long after graduation.
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