CIMAPRO19-P03-1 Exam - Topic 3 Question 2 Discussion

Actual exam question for CIMA's CIMAPRO19-P03-1 exam

Question #: 2
Topic #: 3

SDF is a quoted company. Which of the following matters should normally be dealt with by SDF's audit committee?

AThe external auditor has requested a higher fee than normal for the forthcoming financial year because new legislation will require additional audit work.

BThe Head of Internal Audit is concerned that a recent internal audit investigation may have revealed serious compliance failures.

CThe external auditor is concerned that an accounting policy selected by the Finance Director does not comply with the spirit of the relevant accounting standard.

DThe external auditor has identified a material error, due to a clear miscalculation, in the draft financial statements.

EThe Finance Director will be retiring within the next year and a replacement will have to be found.

Show Suggested Answer

Suggested Answer: A, B, C

by Rory at May 09, 2022, 09:31 PM

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6 months ago

Definitely A, they need to discuss that fee increase.

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I'm not entirely sure about this one. The WLST commands seem to be related to creating a module, but I'm not clear on the specifics of what's happening. I'll need to review the details of these commands to figure out the best approach.

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Nana

6 months ago

I think the pre-sales meeting is mainly about aligning production with demand, so maybe option A? But I'm not entirely sure.

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Marge

7 months ago

Failover systems were mentioned too, but I can't recall if they're directly tied to on-demand features. I might skip that one.

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CIMAPRO19-P03-1 Exam - Topic 3 Question 2 Discussion

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