CIMA P3 問題集

質問 1：
K plc is a large listed company in the retail industry. It has recently appointed T as a non-executive director. T has never had any previous involvement with K plc but is well known to K's Chief Executive P because T is the Managing Director of K plc's largest supplier.
K has recently expanded into Asia. Doubts about the wisdom of the move have been expressed in the financial press with some journalists commenting that it has exposed K plc to higher degrees of risk than previously.
The move had been approved by the Risk Committee which consists of four Non-Executive Directors (NEDs) all of whom have significant experience in business.
K plc does not have a Nominations Committee. Nominations to the Board are usually proposed by P and generally agreed by the other directors.
In relation to the above scenario which of the following comments is valid?
A. The absence of a Nominations Committee exposes K plc to the risk that the Chief Executive may have unfettered power.
B. The Risk Committee should have rejected the proposal to enter the Asian market merely because it exposed K to greater risk than the other markets in which it operates.
C. There is no possible conflict of interest in relation to T's position as a NED and as Managing Director of a supplier company since, in both roles, he would clearly want K plc to prosper.
D. K plc is in line with best practice as it only has NEDs on its Risk Committee.
正解：A

質問 2：
D plc is a public relations company. Shares in D plc have recently been listed on the UK stock exchange.
D plc has an internal audit department that reports to the Chief Executive Officer (CEO). The CEO is considering outsourcing internal audit to an audit firm, which would not be the firm that conducts D plc's external audit.
Identify THREE advantages to D plc of outsourcing internal audit in this way.
A. Doing so may improve independence.
B. Internal audit will have a better understanding of D plc's objectives and culture.
C. Specialist skills may be more readily available.
D. Decisions relating to internal audit can be based solely on cost.
E. Risk of staff turnover is passed to the outsource company.
正解：A,C,E

質問 3：
Which of the following statements concerning the use of balanced scorecards to measure divisional performance is correct?
A. Dysfunctional behaviour is impossible because divisional managers are evaluated on so many different decisions.
B. Contradictory and inconsistent targets prevent balanced scorecards being a useful tool for performance evaluation.
C. Dysfunctional behaviour is more difficult than under traditional reporting because a wide range of factors will be measured and reported.
D. The input for balanced scorecard reports comes from many sources so it is not possible to misrepresent performance.
正解：C

質問 4：
D's Board has been advised by the auditors that D's control environment is weak and should be improved.
Which TWO of the following measures will help to improve the control environment?
A. The directors will have special rules for claiming expenses and will not have to follow the procedures in place for all staff
B. The Board will meet annually to discuss the report from the external auditors.
C. The Board will appoint an additional accountant in the Finance Department.
D. The sales managers will encourage the sales team to increase sales by 50% in the next six months.
E. The Board will put in place a fraud policy
正解：B,E

質問 5：
HJK is a retailer, with more than 40 shops around the country. The directors suspect that a serious fraud has occurred at one of the branches and a team of internal auditors has been sent to investigate.
An analytical review investigation shows that sales revenue is in line with budget, but overtime payments to shop staff exceed budget by 20%.
How should the internal audit team proceed?
A. Conduct additional detailed testing of all figures.
B. Increase the evaluation of control risk.
C. Conduct additional detailed testing on overtime payments.
D. Increase the evaluation of inherent risk.
正解：C

質問 6：
S, a qualified and experienced professional accountant, has been appointed as a non-executive member of the Audit Committee of X X has recently obtained a listing on the second tier of a reputable Stock Exchange B, the Finance Director, is only worried about the maintenance of proper financial controls and is less concerned with operational controls S has asked A. the Production Director, to produce regular reports for the Audit Committee on production specification compliance and related issues A is concerned that this means S does not think he is doing his job properly and doubts his integrity In relation to this scenario, which of the following statements are valid?
Select ALL that apply.
A. B is correct to be more concerned about the maintenance of financial controls because they are inevitably more important than operational controls.
B. The Audit Committee should plan for the receipt of regular reports on production specification compliance and related issues
C. If X is not seen to have an effective Audit Committee it will be exposed to increased market risk
D. The appointment of an independent professionally qualified and experienced accountant will help strengthen the Audit Committee.
E. A is correct in believing that being asked to report to the Audit Committee in the manner described above suggests a lack of trust in his ability or integrity
F. There is no benefit for X of A producing reports for the Audit Committee unless there are some members on the Audit Committee who have expertise in the production area
正解：A,B

質問 7：
HWG is a large company which grows and processes coffee The coffee is sold to supermarkets, branded with their names for sale as "own brand" products HWG brands and packages the coffee using the supermarkets' own designs HWG's directors are considering a strategic proposal to develop a range of coffees to be sold under a brand that HWG will develop Which TWO of the following should the directors consider as part of their strategic analysis?
A. The reaction of the supermarkets who currently buy coffee from HWG
B. Recruiting a marketing firm to advertise the new coffee
C. The choice of name for the new brand
D. The sales volume forecast for the new coffee
E. The design of packaging for the new brand
正解：A,D

質問 8：
JNH is a major corporation that stores its customer database in the Cloud JNH has suffered a data breach that has led to customer credit card details being made available for sale on the internet JNH's Head of Security wishes to analyse network traffic at the cloud-based server in order to gain a better understanding of the manner in which the data was intercepted, but has been refused access.
Which of the following is the most likely explanation for the third-party owner's refusal to assist JNH's Head of Security?
A. Admitting the breach would harm the reputation of the Cloud
B. The Cloud is impregnable and so the breach must have been elsewhere
C. The server will contain data belonging to other clients
D. The network data will not have been stored by the server's owner
正解：C

質問 9：
E purchases parts for one of the machines it manufactures from Country X Place the risk classification next to the risk it relates to:

正解：