题目
第2题
第4题
(1)( )request the claiming bank to cancel the claim.
(2)( )instruct the claiming bank to contact the beneficiary.
(3)( )honour the claim and debit the issuing bank's account.
(4)( )dishonour the claim as per the issuing bank's instruction.
第5题
As per article 13 of UCP 600, a nominated bank can also be termed as
(1)( ) An advising bank.
(2)( ) A transferring bank.
(3)( ) An issuing bank.
(4)( ) A claiming bank.
第6题
When a bank issues a credit nominating another bank to be the Reimbursing Bank, the Issuing Bank:
A. shall send an authorisation to the Reimbursing Bank to honour claims.
B. shall require the Claiming Bank to supply a certificate of compliance to the Reimbursing Bank.
C. shall not be responsible for any interest should the Reimbursing Bank fail to honour the claim.
D. shall not be relieved of its obligation under the credit, should the reimbursing bank fail to honour the claim.
(1)( )A, C, D only (2)( )A, D only
(3)( )A, B only (4)( )B, C, D only
第7题
Claim reimbursement by means of a Time draft
A Credit available by acceptance
1.Name of Issuing Bank Place and date of issue
Dresdner Bank Hamburg, 15 April, 200 x
To: China National Light Indus- This Credit is advised through
trial Products Imp. & Exp. ICBC, Tianjin
Corp., Tianjin Branch,
Tianjin
Dear Sirs,
By order and for account of the applicant, we hereby issue an Irrevocable Documentary Credit No. H169087 for USD25,730.00 to expire on 31 May, 200× at Tianjin available with The Industrial and Commercial Bank of China, Tianjin by acceptance against beneficiary's draft at 90 days sight drawn on ICBC, Tianjin (advising bank) and the documents detailed herewith:
______________________________________________________________________________
Partial shipments not allowed. Transhipment allowed.
All charges outside Issuing Bank's country including acceptance commission are for account of beneficiary.
______________________________________________________________________________
If this Credit shall be duly accepted on presentation to drawee bank and duly honoured at maturity.
______________________________________________________________________________
Bank-to-Bank Instructions:
Accepting bank is to draw their time draft on Bank of America, New York payable at a fixed future time i. e. maturity of accepted beneficiary's drafts.
Reimbursements under this Credit are subject to the Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credit, ICC Publication No. 725.
2.
From: Dresdner Bank, Hamburg
To: Bank of A.merica, New York
Reimbursement Authorisation
We hereby issue a Reimbursement Authorisation to you to accept and pay a time draft drawn on you subject to Uniform Rules for Bank-to-Bank Reimbursements under Documentary Credits, ICC Publication No. 725 upon receipt of such draft presented by the Claiming Bank——The Industrial and Commercial Bank of China, Tianjin in accordance with the following:
(1)Credit number: H169087
(2)Currency and amount: USD25, 730. 00
(3)Additional amounts payable: no
(4)Claiming Bank: ICBC, Tianjin
(5)Parties responsible for charges: beneficiary
(6)Tenor of draft: maturity of accepted beneficiary's draft
(7)Drawer: ICBC, Tianjin
(8)Party responsible for acceptance commission: beneficiary
3.
beneficiary's draft
Due 3 August, 200×
Exchange for USD25, 730. 00 Tianjin, 4 May, 200×
At 90 days sight pay to the order of
Ourselves the sum of
US dollars twenty five thousand seven hundred and thirty only
Drawn under Dresdner Bank, Hamburg L/C No. H169087 dated 15 April, 200×.
To The Industrial and Commercial
Bank of China, Tianjin For China National Light
Industrial Products Imp.
& Exp. Corp., Tianjin
Branch, Tianjin
signature
ACCEPTED
5 May, 200×
to mature
3 Aug., 200×
For
The Industrial and
Commercial Bank of
China, Tianjin
signature
4.Please fill the following particulars in two blank forms to write a Letter of Reimburse Claim and to issue a Time Draft:
(1)Addressee or drawee: Bank of America, New York
(2)Sender or drawer: The Industrial and Commercial Bank of China, Tianjin
(3)Amount: USD25,730.00
(4)Date of Letter of Reimbursement Claim and Draft: 24 July, 200×
(5)Predetermined reimbursement date: 3 Aug., 200×
(6)Payee: ICBC, Tianjin
(7)Accounting procedure: crediting our Head Office account with you under your telex advice to us quoting our Ref. No. BP87654321.
(8)Drawn clause: Drawn under Dresdner Bank, Hamburg L/C No. H169087 dated 15 April, 200×
第8题
Please fill the following particulars in a credit form to issue a Red Clause credit.
(1)issuing date: 6 June, 200×
(2)Credit No. 256734
(3)Credit amount: AUD64,000.00 (say Australian dollars...)
(4)expiry date: 31 July, 200×
(5)available with the advising bank by negotiation
(6)shipment date: 16 July, 200×
(7)special condition
"The Issuing Bank authorises the Negotiating Bank to pay 60% of the amount of the Credit in advance to the beneficiary against the following presentations:
Ⅰ. a receipt for the advance duly signed by the beneficiary;
Ⅱ. an undertaking from the beneficiary to utilize the funds to purchase and pack the goods;
Ⅲ. the undertaking of the beneficiary to present full set of documents as stipulated in the Credit to the Negotiating bank within the expiry of the credit.
After the advance payment has been made to the beneficiary, the Negotiating Bank may claim reimbursement to be supported by the receipt and undertaking on the Issuing Bank which will reimburse the negotiating bank immediately.
Upon negotiation of documents presented by the beneficiary, the advance payment for 60% of the credit amount will be deducted from the whole negotiating amount for beneficiary's refundment. The remaining approximate 40o-/o of the invoice value will be claimed by the Negotiating bank on the Issuing Bank for its reimbursement. "
Red Clause Credit
Name of Issuing Bank Place and date of issue
Bank of Australia, London, (1) ____________
Name of Beneficiary Advised through
To: Marlin Wool Company, Melbourne Bank of Australia, Melbourne
Dear Sirs,
At the request and on the instructions of (name and address of the applicant), we hereby issue an Irrevocable Documentary Credit No. (2) ______ for (3) ______ (say ____________) to expire on or before (4) ______ at Melbourne (5) __________________ of your draft for 40% of the invoice value drawn at sight on us against the presentation of the documents detailed herein:
① Commercial invoice in triplicate.
② Full set clean on board ocean bills of lading made out to order endorsed in blank marked "freight prepaid".
③ Packing list in triplicate.
Evidencing shipment from London to Melbourne not later than (6) ______.
Partial shipments not allowed. Transhipment allowed.
(7)Special condition
____________________________________________________________
____________________________________________________________
Instructions to the Negotiating Bank
All shipping documents in compliance with the terms and conditions of the credit shall be forwarded by you immediately to us for beneficiary's refundment of 60% advance payment and claiming your reimbursement of 40% invoice value.
We engage with drawers and bona-fide holders of draft (s) drawn under and negotiated in compliance with the terms and conditions of the credit that such draft (s) shall be duly honoured upon due presentation.
This Credit is subject to UCP 600.
Yours faithfully
Bank of Australia,
London
dignature(s)
第9题
Section A
Directions: In this section, there is a passage with ten blanks. You are required to select one word for each blank from a list of choices given in a word bank following the passage. Read the passage through carefully before making your choices. Each choice in the bank is identified by a letter. Please mark the corresponding letter for each item with a single line through the center. You may not use any of the words in the bank more than once.
Plagiarism is the practice of dishonestly claiming or implying original authorship of material which one has not actually created, such as when a person incorporates material from someone else's work into his own work without attributing it. The United States of America Office of Research Integrity【C1】______ plagiarism as "the appropriation of another person's idea, processes, results or words without【C2】______ appropriate credit". Moreover, Shakespeare's appropriation of stories into his plays may be considered plagiarism except that Shakespeare【C3】______ claimed that the stories were his own.
Within academia, plagiarism is seen as【C4】______ dishonesty and is a serious and punishable academic offense.
There is little academic research into the frequency of plagiarism. Any research that has taken place has【C5】______ on universities (high educations). Of the【C6】______ of cheating (including plagiarism, inventing data and cheating during an exam), students admit to plagiarism more than any other. 25% to 90% of students admit to plagiarism. However, this figure【C7】______ considerably to 20% and 10% when students are asked about the frequency of "serious" plagiarism (such as copying most of an assignment, or purchasing a【C8】______ paper from a website).
Plagiarism is not necessarily the same as copyright infringement(侵害), which occurs when one violates copyright law. The copying of a few sentences for a【C9】______ is fair use under copyright law, but, if not attributed to the true【C10】______ , it is plagiarism.
A) increases I) never
B) focused J) complete
C) social K) decreases
D) forms L) depended
E) quotation M) author
F) ever N) defined
G) giving O) paragraph
H) academic
【C1】
第10题
Sycamore’s previous finance director left the company in December 2014 after it was discovered that he had been claiming fraudulent expenses from the company for a significant period of time. A new finance director was appointed in January 2015 who was previously a financial controller of a bank, and she has expressed surprise that Maple & Co had not uncovered the fraud during last year’s audit.
During the year Sycamore has spent $1·8 million on developing several new products. These projects are at different stages of development and the draft financial statements show the full amount of $1·8 million within intangible assets. In order to fund this development, $2·0 million was borrowed from the bank and is due for repayment over a ten-year period. The bank has attached minimum profit targets as part of the loan covenants.
The new finance director has informed the audit partner that since the year end there has been an increased number of sales returns and that in the month of May over $0·5 million of goods sold in April were returned.
Maple & Co attended the year-end inventory count at Sycamore’s warehouse. The auditor present raised concerns that during the count there were movements of goods in and out the warehouse and this process did not seem well controlled.
During the year, a review of plant and equipment in the factory was undertaken and surplus plant was sold, resulting in a profit on disposal of $210,000.
Required:
(a) State Maples & Co’s responsibilities in relation to the prevention and detection of fraud and error. (4 marks)
(b) Describe SIX audit risks, and explain the auditor’s response to each risk, in planning the audit of Sycamore Science Co. (12 marks)
(c) Sycamore’s new finance director has read about review engagements and is interested in the possibility of Maple & Co undertaking these in the future. However, she is unsure how these engagements differ from an external audit and how much assurance would be gained from this type of engagement.
Required:
(i) Explain the purpose of review engagements and how these differ from external audits; and (2 marks)
(ii) Describe the level of assurance provided by external audits and review engagements. (2 marks)
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