单选题The World’s Fair won’t be a financial success _____ there are enough visitors.A lestB providedC ifD unless

正确答案：
3 Poppy Co
(a) Balances held at fair value are frequently recognised as material items in the statement of financial position. Sometimes it is
required by the financial reporting framework that the measurement of an asset or liability is at fair value, e.g. certain
categories of financial instruments, whereas it is sometimes the entity’s choice to measure an item using a fair value model
rather than a cost model, e.g. properties. It is certainly the case that many of these balances will be material, meaning that
the auditor must obtain sufficient appropriate evidence that the fair value measurement is in accordance with the
requirements of financial reporting standards. ISA 540 (Revised and Redrafted) Auditing Accounting Estimates Including Fair
Value Accounting Estimates and Related Disclosures and ISA 545 Auditing Fair Value Measurements and Disclosures
contain guidance in this area.
As part of the understanding of the entity and its environment, the auditor should gain an insight into balances that are stated
at fair value, and then assess the impact of this on the audit strategy. This will include an evaluation of the risk associated
with the balance(s) recognised at fair value.
Audit risk comprises three elements; each is discussed below in the context of whether material balances shown at fair value
will lead to increased risk for the auditor.
Inherent risk
Many measurements based on estimates, including fair value measurements, are inherently imprecise and subjective in
nature. The fair value assessment is likely to involve significant judgments, e.g. regarding market conditions, the timing of
cash flows, or the future intentions of the entity. In addition, there may be a deliberate attempt by management to manipulate
the fair value to achieve a desired aim within the financial statements, in other words to attempt some kind of window
dressing.
Many fair value estimation models are complicated, e.g. discounted cash flow techniques, or the actuarial calculations used
to determine the value of a pension fund. Any complicated calculations are relatively high risk, as difficult valuation techniques
are simply more likely to contain errors than simple valuation techniques. However, there will be some items shown at fair
value which have a low inherent risk, because the measurement of fair value may be relatively straightforward, e.g. assets
that are regularly bought and sold on open markets that provide readily available and reliable information on the market prices
at which actual exchanges occur.
In addition to the complexities discussed above, some fair value measurement techniques will contain significant
assumptions, e.g. the most appropriate discount factor to use, or judgments over the future use of an asset. Management
may not always have sufficient experience and knowledge in making these judgments.
Thus the auditor should approach some balances recognised at fair value as having a relatively high inherent risk, as their
subjective and complex nature means that the balance is prone to contain an error. However, the auditor should not just
assume that all fair value items contain high inherent risk – each balance recognised at fair value should be assessed for its
individual level of risk.
Control risk
The risk that the entity’s internal monitoring system fails to prevent and detect valuation errors needs to be assessed as part
of overall audit risk assessment. One problem is that the fair value assessment is likely to be performed once a year, outside
the normal accounting and management systems, especially where the valuation is performed by an external specialist.
Therefore, as a non-routine event, the assessment of fair value is likely not to have the same level of monitoring or controls
as a day-to-day business transaction.
However, due to the material impact of fair values on the statement of financial position, and in some circumstances on profit,
management may have made great effort to ensure that the assessment is highly monitored and controlled. It therefore could
be the case that there is extremely low control risk associated with the recognition of fair values.
Detection risk
The auditor should minimise detection risk via thorough planning and execution of audit procedures. The audit team may
lack experience in dealing with the fair value in question, and so would be unlikely to detect errors in the valuation techniques
used. Over-reliance on an external specialist could also lead to errors not being found.
Conclusion
It is true that the increasing recognition of items measured at fair value will in many cases cause the auditor to assess the
audit risk associated with the balance as high. However, it should not be assumed that every fair value item will be likely to
contain a material misstatement. The auditor must be careful to identify and respond to the level of risk for fair value items
on an individual basis to ensure that sufficient and appropriate evidence is gathered, thus reducing the audit risk to an
acceptable level.

参考答案：C

参考答案：人们总是痛恨老鼠，但是有一只老鼠却赢得了全世界人民的心。

参考答案：A

参考答案D

正确答案:D

正确答案：A
本文最合适的标题是____。
[A]世界贫困问题
[B]萨姆纳先生关于贫困的研究
[C]中等收入国家的贫困问题
[D]全球贫困的金融救助
答案解析：[A]主旨大意题。主旨大意题可以通过速读每一段的主题句来归纳概括，不难看出本文通篇在讲全球贫困问题的严峻性，并试图找到解决办法，作者通过引用数据说明贫困情况的变化和加剧，而且通过前几道题目的分析，我们很容易抓住文章主旨——就是世界贫困问题，因此[A]为正确答案。

答案：D

解析：

答案：D

解析：

正确答案：D

参考答案：B

参考答案：错误

参考答案：B

参考答案：南极洲不仅是地球上最冷的地方，它也是世界上最干燥的沙漠。

正确答案：C
作者引用“220个国家中，低收入国家的数目降到了39个”这一事实是为了表明____。
[A]中等收入国家的贫困状况得到了极大缓解
[B]中等收入国家的儿童生活有了改善
[C]尽管低收入国家的数目降低了，但是贫困人口的生活状况没有改变
[D]对世界上最贫困国家的经济援助取得了很大的成功
答案解析：[C]推理判断题。文章第二段作者引用了世界银行的分类数据，通过数字可以看出低收入国家在不断减少，但在下文当中，作者又通过新的数据信息，向读者阐明，尽管这些国家成为了中等收入国家，但是“中等收入国家所占的全球穷人比例增加了2倍”，也就是说贫穷问题并没有在根本上得到解决，而是愈演愈烈，因此可以判断[A]错误，[C]表述正确；在第二段末尾，作者提出“世界上70%的营养不良儿童生长在中等收入国家”，因此[B]错误；[D]也与文章内容不符，排除。

答案：A

解析：

答案：D

解析：