Transcription of Professional Level – Options Module Paper P7 (INT)
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Professional Level – Options Module Paper P7 (INT)
Professional Level Options ModuleTime allowed 3 hours 15 minutesThis question Paper is divided into two sections:Section A BOTH questions are compulsory and MUST be attemptedSection B TWO questions ONLY to be attemptedDo NOT open this question Paper until instructed by the question Paper must not be removed from the examination P7 (INT)Advanced Audit andAssurance(International)March/June 2017 Sample QuestionsThe Association ofChartered CertifiedAccountantsThis is a blank question Paper begins on page A BOTH questions are compulsory and MUST be attempted1 You are a manager in Holly & Co, a firm of Chartered Certified Accountants, and you are responsible for the audit ofthe Laurel Group (the Group)
2 You are responsible for performing Engagement Quality Control Reviews on selected audit clients of Crocus & Co, and you are currently performing a review on the audit of the Magnolia Group (the Group). The Group manufactures chemicals which are used in a range of industries, with one of the subsidiaries, Daisy Co, specialising in chemical
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