ACCA Mock Audit and Assurance Jun 21

Jul 17, 2026

Uploaded by Oliver

ACCA Mock Audit and Assurance (Jun 21) provides a timed, exam-style assessment with mandatory questions across two sections. Section A focuses on ethics and threats analysis through practical audit-management scenarios covering discount benefits to audit teams, secondment of audit staff to a client, fee dependency, relationships between finance directors and partners, and overdue audit fees. Section B centers on corporate governance and committee structures for a listed pharmaceutical family business, including board composition, separation of CEO/chair roles, audit committee membership, independence monitoring, whistleblowing privacy, and internal audit oversight.

LanguageEnglish

CategoryExam

FormatPDF

Pages12

Reading Time30 min

AccessFree to download

IPRO EDUCATION +917742693555 ACCA MOCK AUDIT AND ASSURANCE Jun 21 Time allowed 3 hours and 15 minutes All questions are compulsory and MUST be attempted This paper is divided into two sections: Section A: 3 objective test case questions 5 questions worth 2 marks per case Section B: 2 × 20 mark questions (mainly scenario based) IPRO EDUCATION [www.iproeducation.com](www.iproeducation.com) IPRO EDUCATION +917742693555 Section A – ALL 15 questions are compulsory and MUST be attempted Each question is worth 2 marks. The following scenario relates to questions 1-5 You are the audit manager of Steve & Co and you are planning the audit of BJ Electronics Co, a listed company, which has been an audit client for several years and specializes in manufacturing luxury home appliances. From the planning notes you can ascertain the following information. The employees of BJ Electronics Co are entitled to purchase company products ata discount of 15% . The members of the audit team have in previous years been offered the same level of discount. 1. The situation above would result in which ethical threat. A Self-review threat B Self-interest threat C Intimidation threat D Familiarity threat 2. During the year the chief accountant of BJ Electronics resigned and not replaced for three months. Due to not having a suitable staff to fill the position, a qualified audit senior of Steve & Co was seconded to the client for three months. Which of the following statement is/true? (1) No ethical threat arise if the Audit senior is seconded to the BJ Electronics for three months because he understands the business and it also help him to do the audit of the client. (2) This will result in a self review threat because the audit senior has performed a significant amount of work and will review own work. (3) The audit senior should be removed from the audit team after he was seconded to the client. A 1, 2 and 3 B 1 and 3 only C 1 and 2 only D 2 and 3 only [www.iproeducation.com](www.iproeducation.com) IPRO EDUCATION +917742693555 3. The fee income derived from BJ Electronics was boosted by this engagement and along with the audit and tax fee, now accounts for 19% of the firm’s total fees. The situation above will result in which ethical threat. A Self interest B Self Review C Familiarity D Intimidation 4. From a review of files you come to know that the finance director and the partner known each other for many years and spent time together on many occasions with their families. The situation above will result in which ethical threat. A Self interest B Self Review C Familiarity D Intimidation 5. The 20% fee from previous year audit is still outstanding and despite of many reminders the client has not sent the payment. Which of the following actions should be taken by Steve & Co.? A This may result in a self-interest threat and the audit firm should resign from the audit. B It’s an indicator of intimidation

Jul 17, 2026

Uploaded by Oliver