An office has been set up recently to examine the tourism industry.（)

If your passenger vessel has been issued a stability letter，it must be ______.

A.filed in the ship's office

B.posted in a passenger area

C.posted adjacent to the Certificate of Inspection

D.posted in the pilothouse

Dear Sirs,

We are writing to you at the suggestion of our Commercial Counselor's Office of the Embassy in your country.We take the liberty to introduce ourselves as exporters of steel goods,which we have been exporting to Europe.

We are specialized in the above business and recall that many years ago,considerable business was done with your country on such items.Now that the diplomatic relation between our two countries has been established,we are desirous of establishing direct business relations with your corporation.

We shall be grateful if you will let us know whether you are interested in the above items.If so,please inform us of the quantity required.

Yours faithfully

听力原文： (30[A]) The infant mortality rate in China has declined notably since the beginning of the 1990s, according to China's new white paper on children's conditions. (29[A]) The average decrease in infant mortality in the country is 6.5 percent a year since 1990. The mortality rate of children under five years old has been tailing off by 5.85 percent annually, the white paper says. The white paper, entitled "The Situation of children in China" and issued by the Information Office of the State Council says that so far, no other country in the world with an annual per capita income approximate to China's has attained such rapid decreases.

The percentage of the annual decrease in infant mortality rate since 1990 is ______.

A．6.5

B．5.85

C．5

D．19

SURVEY ON NEW EMPLOYEES

ALEX: {A. Are you kidding？; B. Tell me, did anything else influence your decision？; C. Yes, there has been a lot of research into RSI’s.; D. that’s a benefit in the long run.; E. Welcome to the company.} We are conducting a survey of new employees to find out what made you to choose our company.

SIMON: That’s easy to answer. It was your office ergonomics that convinced me.

ALEX: {A. Are you kidding？; B. Tell me, did anything else influence your decision？; C. Yes, there has been a lot of research into RSI’s.; D. that’s a benefit in the long run.; E. Welcome to the company.} Something as simple as that？

SIMON: Yes. It is very important to me. My mother worked in offices for twenty years, and she finally suffered from carpal tunnel syndrome. I have been reading about repetitive stress injuries (RSI’s), and I know that the office set-up is very important.

ALEX: {A. Are you kidding？; B. Tell me, did anything else influence your decision？; C. Yes, there has been a lot of research into RSI’s.; D. that’s a benefit in the long run.; E. Welcome to the company.} Something so simple as proper chair height can prevent injuries.

SIMON: Your company pays attention to the staff’s health. In my opinion, {A. Are you kidding？; B. Tell me, did anything else influence your decision？; C. Yes, there has been a lot of research into RSI’s.; D. that’s a benefit in the long run.; E. Welcome to the company.}

ALEX: Thank you. We do value our staff and have an awareness of health care. {A. Are you kidding？; B. Tell me, did anything else influence your decision？; C. Yes, there has been a lot of research into RSI’s.; D. that’s a benefit in the long run.; E. Welcome to the company.}

SIMON: Yes, I noticed that you have professional training and team-building days. I like the idea of working for a company that invests in its staff.

ALEX: Well, welcome to the team.

MARRY: Hi, Tim. How do you like your new job？

TIM: I like it. {A.So what do you do there exactly？; B. I just want to be a good team worker and not step on anyone’s toes.; C. But how did you know about my new job？; D. you happen to have that work experience.; E. Can you fill me in on what has been happening？}

MARRY: I just heard through the grapevine that you landed a job in a big car company. {A.So what do you do there exactly？; B. I just want to be a good team worker and not step on anyone’s toes.; C. But how did you know about my new job？; D. you happen to have that work experience.; E. Can you fill me in on what has been happening？}

TIM: Ok, two weeks ago I got a tip that this company wanted to take on some experienced workers who have experience with wireless, electrical car-charging technology.

MARRY: Oh, {A.So what do you do there exactly？; B. I just want to be a good team worker and not step on anyone’s toes.; C. But how did you know about my new job？; D. you happen to have that work experience.; E. Can you fill me in on what has been happening？}

TIM: Well, anyway, I made a beeline over to their office, had an interview with the department manager, and was told to start work the next day.

MARRY: That’s really great. {A.So what do you do there exactly？; B. I just want to be a good team worker and not step on anyone’s toes.; C. But how did you know about my new job？; D. you happen to have that work experience.; E. Can you fill me in on what has been happening？}

TIM: Right now I’m basically just an office worker, but if I’m given the chance, I want to become the Marketing Director there.

MARRY: Don’t tell me you’re already looking for a promotion.

TIM: No, of course not. I’ve got a lot to learn yet. In the meantime, {A.So what do you do there exactly？; B. I just want to be a good team worker and not step on anyone’s toes.; C. But how did you know about my new job？; D. you happen to have that work experience.; E. Can you fill me in on what has been happening？}

MARRY: Well, I wish you luck.

TIM: Thank you.

Sunflower Stores Co (Sunflower) operates 25 food supermarkets. The company’s year end is 31 December 2012. The audit manager and partner recently attended a planning meeting with the finance director and have provided you with the planning notes below.

You are the audit senior, and this is your first year on this audit. In order to familiarise yourself with Sunflower, the audit manager has asked you to undertake some research in order to gain an understanding of Sunflower, so that you are able to assist in the planning process. He has then asked that you identify relevant audit risks from the notes below and also consider how the team should respond to these risks.

Sunflower has spent $1·6 million in refurbishing all of its supermarkets; as part of this refurbishment programme their central warehouse has been extended and a smaller warehouse, which was only occasionally used, has been disposed of at a profit. In order to finance this refurbishment, a sum of $1·5 million was borrowed from the bank. This is due to be repaid over five years.

The company will be performing a year-end inventory count at the central warehouse as well as at all 25 supermarkets on 31 December. Inventory is valued at selling price less an average profit margin as the finance director believes that this is a close approximation to cost.

Prior to 2012, each of the supermarkets maintained their own financial records and submitted returns monthly to head office. During 2012 all accounting records have been centralised within head office. Therefore at the beginning of the year, each supermarket’s opening balances were transferred into head office’s accounting records. The increased workload at head office has led to some changes in the finance department and in November 2012 the financial controller left. His replacement will start in late December.

Required:

(a) List FIVE sources of information that would be of use in gaining an understanding of Sunflower Stores Co, and for each source describe what you would expect to obtain. (5 marks)

(b) Using the information provided, describe FIVE audit risks and explain the auditor’s response to each risk in planning the audit of Sunflower Stores Co. (10 marks)

(c) The finance director of Sunflower Stores Co is considering establishing an internal audit department. Required: Describe the factors the finance director should consider before establishing an internal audit department. (5 marks)

u are reviewing three situations,

which were recently discussed at the monthly audit managers’ meeting:

(1) Nate & Co has recently been approached by a potential new audit client, Fisher Co. Your firm is keen to take the

appointment and is currently carrying out client acceptance procedures. Fisher Co was recently incorporated by

Marcellus Fisher, with its main trade being the retailing of wooden storage boxes.

(2) Nate & Co provides the audit service to CF Co, a national financial services organisation. Due to a number of

errors in the recording of cash deposits from new customers that have been discovered by CF Co’s internal audit

team, the directors of CF Co have requested that your firm carry out a review of the financial information

technology systems. It has come to your attention that while working on the audit planning of CF Co, Jin Sayed,

one of the juniors on the audit team, who is a recent information technology graduate, spent three hours

providing advice to the internal audit team about how to improve the system. As far as you know, this advice has

not been used by the internal audit team.

(3) LA Shots Co is a manufacturer of bottled drinks, and has been an audit client of Nate & Co for five years. Two

audit juniors attended the annual inventory count last Monday. They reported that Brenda Mangle, the new

production manager of LA Shots Co, wanted the inventory count and audit procedures performed as quickly as

possible. As an incentive she offered the two juniors ten free bottles of ‘Super Juice’ from the end of the

production line. Brenda also invited them to join the LA Shots Co office party, which commenced at the end of

the inventory count. The inventory count and audit procedures were completed within two hours (the previous

year’s procedures lasted a full day), and the juniors then spent four hours at the office party.

Required:

(a) Define ‘money laundering’ and state the procedures specific to money laundering that should be considered

before, and on the acceptance of, the audit appointment of Fisher Co. (5 marks)

A.went

B.has been

C.is going

A.moved

B.transformed

C.transmitted

D.transported