The newest 17 of 17 written questions. Open one to see it on the real paper.
State the main difference between the responsibilities of the directors and the responsibilities of the auditor regarding the financial statements.
See it on the paper →State two differences between external and internal auditors.
See it on the paper →Explain the stewardship role of the directors in a public limited company.
See it on the paper →Explain the stewardship role of the directors in a public limited company.
See it on the paper →Advise Suhail whether or not he should have had his accounts audited before HJ Limited inspected them. Justify your answer. Additional information Once negotiations were complete HJ Limited took over Suhail’s business on 1 May 2023 for a purchase consideration of $135 000. This was settled by $25 000 cash and 50 000 or...
See it on the paper →the auditors.
See it on the paper →Advise the managing committee whether or not the financial statements should be audited. Justify your answer.
See it on the paper →Explain the importance of a true and fair view opinion in the auditor’s report.
See it on the paper →Explain the importance of a true and fair view opinion in the auditor’s report.
See it on the paper →State three responsibilities of an external auditor.
See it on the paper →State two points which should be covered in an unqualified audit report.
See it on the paper →Explain how stewardship affects a business purchase by a limited company.
See it on the paper →Explain how the task of an auditor is affected if inventory is being held by a consignee. PLEASE TURN OVER Section B: Cost and Management Accounting Answer all questions.
See it on the paper →gearing Additional information The directors consider that the gearing ratio of W plc is too high.
See it on the paper →Explain three actions the directors could take to reduce the gearing ratio. Additional information A director of W plc considers that both the debenture and the preference shares adversely affect the ordinary shareholders.
See it on the paper →Advise the director whether or not he is correct. Justify your answer. Section B: Cost and Management Accounting Answer all questions.
See it on the paper →Explain what is meant by the term ‘audit’.
See it on the paper →This question was well answered with most candidates giving the required advice and justifying their answer with some valid points. There were a limited number of answers with four supporting points and some with three. The presentation of most answers was good.
— Examiner report, October/November 2023, 9706/31 Q2(a) (Cambridge)
Although most candidates stated an appropriate implication of the deletion of the accounts for the auditors, fewer could state an implication for the directors.
— Examiner report, October/November 2023, 9706/33 Q1(c) (Cambridge)
Nearly all candidates gave the required advice and most then did provide some valid points to justify their answer. Responses were often generic rather than being applied to the given scenario.
— Examiner report, October/November 2023, 9706/33 Q2(e) (Cambridge)
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