(b) You are an audit manager with specific responsibility for reviewing other information in documents containing
audited financial statements before your firm’s auditor’s report is signed. The financial statements of Hegas, a
privately-owned civil engineering company, show total assets of $120 million, revenue of $261 million, and profit
before tax of $9·2 million for the year ended 31 March 2005. Your review of the Annual Report has revealed
the following:
(i) The statement of changes in equity includes $4·5 million under a separate heading of ‘miscellaneous item’
which is described as ‘other difference not recognized in income’. There is no further reference to this
amount or ‘other difference’ elsewhere in the financial statements. However, the Management Report, which
is required by statute, is not audited. It discloses that ‘changes in shareholders’ equity not recognized in
income includes $4·5 million arising on the revaluation of investment properties’.
The notes to the financial statements state that the company has implemented IAS 40 ‘Investment Property’
for the first time in the year to 31 March 2005 and also that ‘the adoption of this standard did not have a
significant impact on Hegas’s financial position or its results of operations during 2005’.
(ii) The chairman’s statement asserts ‘Hegas has now achieved a position as one of the world’s largest
generators of hydro-electricity, with a dedicated commitment to accountable ethical professionalism’. Audit
working papers show that 14% of revenue was derived from hydro-electricity (2004: 12%). Publicly
available information shows that there are seven international suppliers of hydro-electricity in Africa alone,
which are all at least three times the size of Hegas in terms of both annual turnover and population supplied.
Required:
Identify and comment on the implications of the above matters for the auditor’s report on the financial
statements of Hegas for the year ended 31 March 2005. (10 marks)
第1题：
160 The major difference between project and line management is that the project manager may not have any control over which basic management function?
A. Decision-making
B. Staffing
C. Rewarding
D. Tracking/monitoring
E. Reviewing
第2题：
YouworkasadatabaseadministratorforCertkiller.com.Inyourdevelopmentenvironmentenvironment，thedevelopersareresponsibleformodifyingthetablestructureaccordingtotheapplicationrequirements.However，youwanttokeeptrackoftheALTERTABLEcommandsbeingexecutedbydevelopers，soyouenableauditingtoachievethisobjective.Whichtwoviewswouldyourefertofindouttheauditinformation？（）
A.DBA_AUDIT_TRAIL
B.DBA_AUDIT_SESSION
C.DBA_FGA_AUDIT_TRAIL
D.DBA_COMMON_AUDIT_TRAIL
第3题：
The major difference between project and line management is that the project manager may not have any control over which basic management function?
A . Decision-making
B . Staffing
C . Rewarding
D . Tracking/monitoring
E . Reviewing
第4题：
第5题：
A．错误
B．正确
第6题：
A:Recency，Finance，Monetary
B:Responsibility，Finance，Money
C:Responsibility，Frequency，Monetary
D:Recency，Frequency，Monetary
第7题：
A. DBA_AUDIT_EXISTS
B. DBA_AUDIT_OBJECT
C. DBA_AUDIT_POLICY_COLUMNS
D. DBA_AUDIT_POLICIES
E. DBA_AUDIT_SESSION
第8题：
78 The major difference between project and line management is that the project manager may not have any control over which basic management function?
A. Decision-making
B. Staffing
C. Rewarding
D. Tracking/monitoring
E. Reviewing
第9题：
38________
A.ability
B. Time
C. courage
D.responsibility
第10题：
已知基类Employee只有一个构造函数，其定义如下： Employee::Employee（int n):id（n){ } Manager是Employee的派生类，则下列对Manager的构造函数的定义中，正确的是？
A．Manager::Manager(int n):id(n){}
B．Manager::Manager(int n){id=n;}
C．Manager::Manager(int n):Employee(n){}
D．Manager::Manager(int n){Employee(n);}