• Sat
  • Dec 20, 2014
  • Updated: 8:14pm

Cat accounting quiz

PUBLISHED : Saturday, 10 February, 2007, 12:00am
UPDATED : Saturday, 10 February, 2007, 12:00am
 

E-mail the answers with your name, contact number, name of school and level of study/business position to catquiz@hk.accaglobal.com no later than 5pm, Wednesday, February 14. The winners will be notified.


Auditing


Can I audit my brother's company? The key issue involved in this question is:


A Competence B Integrity C Independence D Transparency


What are the advantages of the audit process?


A The accounts will be subject to an independent review B An independent and professional opinion will be obtained on the truth and fairness of financial statements


C The audit can help to prevent fraud D It ensures the directors have fulfilled their statutory obligations


1 A and B 2 C and D 3 A, B and C 4 All of the above


Describe your future plans for work or study in the field of accounting and finance.


Answer, in English, in about 50 words. There is no right or wrong answer.


Last week's answers


1 B; 2 B


Last week's winner


Oi Yee-man


PRIZES


First prize Certified accounting technician (CAT) initial registration fee plus first year annual subscription fee (worth about HK$800) and an ACCA USB memory stick (256MB) Second and third ACCA USB memory stick (256MB) 10 merits ACCA souvenirs


All entries will be judged by ACCA Hong Kong. The judges' decision is final.


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