2013年ACCA考试科目P2Q1知识点

2013年ACCA考试科目P2Q1知识点

Q1b Select the FOUR factors below which are particular features of a profession as compared with an occupation.
A - Highly valued services
B - Ethical codes of conduct
C - Highly skilled
D - Self-regulation
E - Continuing professional development
F - Training requirement
G - Qualifications required
H - Licenced practice  
Which THREE of the following are usually identified as the main prerequisites of fraud?
A - Immaturity
B - Opportunity
C - Poverty
D - Motivation
E - Iniquity
F - Dishonesty  
The following are three arguments explaining why insider trading is wrong and in many countries illegal. Rank the strength of each argument on a scale of 1 to 5 where 1 is a very weak argument and 5 is a very strong argument.

Allowing insider trading is unfair to those who cannot use sensitive information for their own financial advantage.
very weak 1 2 3 4 5 very strong  

In the following three situations identify, in each case, which fundamental principles are involved.

(i) A bookkeeper was rushing to complete a piece of work for an important deadline, which her manager had insisted must be met without fail. After she completed the work she carried out certain checks herself, but serious accounting errors were not detected, and there was no time for someone else to check her work.
Which ONE of the following fundamental principles is involved?
A - Objectivity
B - Professional behaviour
C - Confidentiality
D - Integrity
E - Professional competence and due care

In the following three situations identify, in each case, which fundamental principles are involved.

Please note that there may be one or more fundamental principles in each situation.

(iii) Accountant X who runs an accounting practice completes the tax returns for a number of key clients. One of the clients, A, who pays substantial fees to the practice has earned a taxable profit significantly lower than in the previous year. A had not supplied the usual set of bank statements, but did include a full record of all sales and expense receipts.

The following day X completed, checked and submitted the tax return on the basis of the figures and documentation received, without having requested the missing set of bank statements from the client or involving another colleague in the work.
Which ONE of the following fundamental principles are involved?
A - Professional competence and due care
B - Objectivity
C - Confidentiality
D - Professional behaviour
E - Integrity  

In the following three situations introduced in Question 4(b), identify in each case the threat(s) to the fundamental principles involved.

Please note that there may be one or more threats in each situation.

(i) A bookkeeper was rushing to complete a piece of work for an important deadline, which her manager had insisted must be met without fail. After she completed the work she carried out certain checks herself, but because she did so in such a hurry serious accounting errors were not detected, and there was no time for someone else to check her work.
Which TWO threats to the fundamental principles are involved?
A - Intimidation `B - Self-review C - Familiarity D - Advocacy E - Self interest  

In the following three situations introduced in Question (4b), identify in each case the threat(s) to the fundamental principles involved.

Please note that there may be one or more threats in each situation.

(ii) A former longstanding client of an accounting practice is being investigated for fraud by the tax authorities. They request the assistance of the practice in representing them in the case being brought. In doing so, the client promises to pay a substantial fee for such assistance and guaranteeing to re-appoint the practice as their accountants in the future.
Which THREE threats to the fundamental principles are involved?
A - Advocacy
B - Familiarity
C - Self interest
D - Intimidation
E - Self-review  

In the following three situations introduced in Question (4b), identify in each case the threat(s) to the fundamental principles involved.

Please note that there may be one or more threats in each situation.

(iii) Accountant X who runs an accounting practice completes the tax returns for a number of key clients. One of the clients, A, who pays substantial fees to the practice, has earned a taxable profit significantly lower than in the previous year. A had not supplied the usual set of bank statements, but did include a full record of all sales and expense receipts.
The following day X personally completed, checked and submitted the tax return on the basis of the figures and documentation received, without having requested the missing set of bank statements from the client, or involving another colleague in the work.
Which TWO threats to the fundamental principles are involved?
A - Advocacy
B - Self interest
C - Familiarity
D - Intimidation
E - Self-review  

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