(ii) Identify and explain the potential financial statement risks caused by the breach of planning regulations

discussed in the press cutting. (6 marks)

[试题](ii) Identify and explain the principal audit procedures to be performed on the valuation of the investmentproperties. (6 marks)

[试题](iii) Explain the potential corporation tax (CT) implications of Tay Limited transferring work to Trent Limited,and suggest how these can be minimised or eliminated. (3 marks)

[试题](b) Identify and explain THREE approaches that the directors of Moffat Ltd might apply in assessing theQUALITATIVE benefits of the proposed investment in a new IT system. (6 marks)

[试题](b) Identify and explain the financial statement risks to be taken into account in planning the final audit.(12 marks)

[试题](ii) Identify the points that must be confirmed and any action necessary in order for capital treatment toapply to the transaction. (4 marks)

[试题](ii) Explain the organisational factors that determine the need for internal audit in public listed companies.(5 marks)

[试题](ii) Explain, with reasons, the relief available in respect of the fall in value of the shares in All Over plc,identify the years in which it can be claimed and state the time limit for submitting the claim.(3 marks)

[试题](ii) Briefly explain the implications of Parr & Co’s audit opinion for your audit opinion on the consolidatedfinancial statements of Cleeves Co for the year ended 30 September 2006. (3 marks)

[试题](ii) Briefly explain the extent to which the application of sensitivity analysis might be useful in decidingwhich refrigeration system to purchase and discuss the limitations inherent in its use. (3 marks)

[试题](ii) Explain THREE strategies that might be adopted in order to improve the future prospects of DiverseH．oldings Plc. (6 marks)