Which choice best complete the sentence with an accurate approximation of relevant infor

A.NO CHANGE

B.are close to 1 percent

C.differ greatly by gender

D.rival the 11.6 percent who go into professional baseball

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更多“Which choice best complete the…”相关的问题

第1题

The waiter handed me a menu which （) a choice of five soups.

A.stressed

B.offered

C.observed

D.afforded

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第2题

One of your audit clients is Tye Co a company providing petrol, aviation fuel and similar

oil based products to the government of the country it is based in. Although the company is not listed on any stock exchange, it does follow best practice regarding corporate governance regulations. The audit work for this year is complete, apart from the matter referred to below.

As part of Tye Co’s service contract with the government, it is required to hold an emergency inventory reserve of 6,000 barrels of aviation fuel. The inventory is to be used if the supply of aviation fuel is interrupted due to unforeseen events such as natural disaster or terrorist activity.

This fuel has in the past been valued at its cost price of $15 a barrel. The current value of aviation fuel is $120 a barrel. Although the audit work is complete, as noted above, the directors of Tye Co have now decided to show the ‘real’ value of this closing inventory in the financial statements by valuing closing inventory of fuel at market value, which does not comply with relevant accounting standards. The draft financial statements of Tye Co currently show a profit of approximately $500,000 with net assets of $170 million.

Required:

(a) List the audit procedures and actions that you should now take in respect of the above matter. (6 marks)

(b) For the purposes of this section assume from part (a) that the directors have agreed to value inventory at

$15/barrel.

Having investigated the matter in part (a) above, the directors present you with an amended set of financial

statements showing the emergency reserve stated not at 6,000 barrels, but reported as 60,000 barrels. The final financial statements now show a profit following the inclusion of another 54,000 barrels of oil in inventory. When queried about the change from 6,000 to 60,000 barrels of inventory, the finance director stated that this change was made to meet expected amendments to emergency reserve requirements to be published in about six months time. The inventory will be purchased this year, and no liability will be shown in the financial statements for this future purchase. The finance director also pointed out that part of Tye Co’s contract with the government requires Tye Co to disclose an annual profit and that a review of bank loans is due in three months. Finally the finance director stated that if your audit firm qualifies the financial statements in respect of the increase in inventory, they will not be recommended for re-appointment at the annual general meeting. The finance director refuses to amend the financial statements to remove this ‘fictitious’ inventory.

Required:

(i) State the external auditor’s responsibilities regarding the detection of fraud; (4 marks)

(ii) Discuss to which groups the auditors of Tye Co could report the ‘fictitious’ aviation fuel inventory;

(6 marks)

(iii) Discuss the safeguards that the auditors of Tye Co can use in an attempt to overcome the intimidation

threat from the directors of Tye Co. (4 marks)

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第3题

根据以下内容回答下列各题, At the University of Kansas art museum, scientists tested the ef

fect of different colored walls on two groups of visitors to an exhibit of paintings. For the first group the room was painted white; for the second, dark brown. Movement of each group was followed by an electrical equipment under the carpet. The experiment showed that those who entered the dark brown walked more quickly, covered more area, and spent less time in the room than people in the white one. Dark brown made people more active, but the activity ended sooner. Not only the choice of colors but also the general appearance of a room affects those inside. Another experiment presented people with photographs of faces whose energy was to be commented． Three groups of people were used; each was shown the same photos, but each group was in an ordinary room—a nice office. The third was in a tastefully designed living room with carpeting. Results showed that the people in the beautiful room tend to give higher marks to the faces than those in the ugly room did． Other studies that students do better on tests taken in comfortable room than in ordinary-looking or ugly rooms. Which of the following is the best expression of the main idea of this passage？

A.People in beautiful rooms tend to give higher marks to photos of faces than people in ugly rooms

B.The color and general appearance of a room have a deeper effect on the behavior. of the people in it

C.The University of Kansas has studied the effects of the color of room on peoples behavior

D.Beautifully furnished, light-coloured rooms make people more comfortable than ugly, dark rooms

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第4题

—Which subject do you like______？ —I like chemistry than any other one. A. better,

—Which subject do you like______？

—I like chemistry than any other one.

A. better, better

B. best, better

C. best, best