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Tokyo has()twice in the 20th century after the destruction of the earthquake and the Wo
A.been founded
B.founded
C.been rebuilt
D.rebuilt
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A.been founded
B.founded
C.been rebuilt
D.rebuilt
All the universities are private institutions. Each has its【65】governing councils,【66】some local businessmen and local politicians as【67】as a few academics(大学教师).The state began to give grants to them fifty years【68】, and by 1970 each university derived nearly all its【69】from state grants. Students have to【70】fees and living costs, but every student may receive from the local authority of the place【71】he lives a personal grant which is enough to pay his full costs, including lodging and【72】unless his parents are【73】. Most【74】take jobs in the summer【75】about six weeks, but they do not normally do outside【76】during the academic years. The Department of Education takes【77】for the payments which cover the whole expenditure of the【78】, but it does not exercise direct control. It can have an important influence【79】new developments through its power to distribute funds, but it takes the advice of the University Grants Committee, a body which mainly【80】of academics.
(61)
A.with
B.by
C.at
D.into
The author mentions big cities such as Tokyo, Singapore and Paris______.
A. to show that city people all over the world have a lot in common
B. to let his readers be aware that they are some of the world's biggest cities
C. to illustrate their difference from American cities
D. because they are some of the cities that attract visitors most
How does the dormouse defend itself against cold in winter?
A.It moves about to keep warlTl.
B.It grows thicker fur.
C.It sleeps continuously.
D.It goes to warmer areas.
(a) Auditors have a responsibility under ISA 265 Communicating Deficiencies in Internal Control to those Charged with Governance and Management, to communicate deficiencies in internal controls. In particular SIGNIFICANT deficiencies in internal controls must be communicated in writing to those charged with governance.
Required:
Explain examples of matters the auditor should consider in determining whether a deficiency in internal controls is significant. (5 marks)
Greystone Co is a retailer of ladies clothing and accessories. It operates in many countries around the world and has expanded steadily from its base in Europe. Its main market is aimed at 15 to 35 year olds and its prices are mid to low range. The company’s year end was 30 September 2010.
In the past the company has bulk ordered its clothing and accessories twice a year. However, if their goods failed to meet the key fashion trends then this resulted in significant inventory write downs. As a result of this the company has recently introduced a just in time ordering system. The fashion buyers make an assessment nine months in advance as to what the key trends are likely to be, these goods are sourced from their suppliers but only limited numbers are initially ordered.
Greystone Co has an internal audit department but at present their only role is to perform. regular inventory counts at the stores.
Ordering process
Each country has a purchasing manager who decides on the initial inventory levels for each store, this is not done in conjunction with store or sales managers. These quantities are communicated to the central buying department at the head office in Europe. An ordering clerk amalgamates all country orders by specified regions of countries, such as Central Europe and North America, and passes them to the purchasing director to review and authorise.
As the goods are sold, it is the store manager’s responsibility to re-order the goods through the purchasing manager; they are prompted weekly to review inventory levels as although the goods are just in time, it can still take up to four weeks for goods to be received in store.
It is not possible to order goods from other branches of stores as all ordering must be undertaken through the purchasing manager. If a customer requests an item of clothing, which is unavailable in a particular store, then the customer is provided with other branch telephone numbers or recommended to try the company website.
Goods received and Invoicing
To speed up the ordering to receipt of goods cycle, the goods are delivered directly from the suppliers to the individual stores. On receipt of goods the quantities received are checked by a sales assistant against the supplier’s delivery note, and then the assistant produces a goods received note (GRN). This is done at quiet times of the day so as to maximise sales. The checked GRNs are sent to head office for matching with purchase invoices.
As purchase invoices are received they are manually matched to GRNs from the stores, this can be a very time consuming process as some suppliers may have delivered to over 500 stores. Once the invoice has been agreed then it is sent to the purchasing director for authorisation. It is at this stage that the invoice is entered onto the purchase ledger.
Required:
(b) As the external auditors of Greystone Co, write a report to management in respect of the purchasing system which:
(i) Identifies and explains FOUR deficiencies in that system;
(ii) Explains the possible implication of each deficiency;
(iii) Provides a recommendation to address each deficiency.
A covering letter is required.
Note: Up to two marks will be awarded within this requirement for presentation. (14 marks)
(c) Describe substantive procedures the auditor should perform. on the year-end trade payables of Greystone Co. (5 marks)
(d) Describe additional assignments that the internal audit department of Greystone Co could be asked to perform. by those charged with governance. (6 marks)
Which order is correct by the price of each city according to the passage?
①Hongkong ②Beijing ③Tokyo ④New York
A.④②③①
B.①②③④
C.①③④②
D.③④②①
A.as twice much
B.twice as much
C.much as twice
D.as much twice
A.twice as much as
B.twice more
C.as much as twice
D.as much twice as
A.twice as much
B.much as twice
C.as much twice
D.twice much as
A.as many twice
B.as twice many
C.twice many as
D.twice as many