The construction of the bridge () due to the snowstorm. A.suspendB.suspendingC.has been suspendedD.suspended
The construction of the bridge () due to the snowstorm.
A.suspend
B.suspending
C.has been suspended
D.suspended
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His success was due to () he had been work hard. A、thatB、the fact whichC、the fact thatD、the fact of
2 Your audit client, Prescott Co, is a national hotel group with substantial cash resources. Its accounting functions arewell managed and the group accounting policies are rigorously applied. The company’s financial year end is31 December.Prescott has been seeking to acquire a construction company for some time in order to bring in-house the buildingand refurbishment of hotels and related leisure facilities (e.g. swimming pools, squash courts and restaurants).Prescott’s management has recently identified Robson Construction Co as a potential target and has urgently requestedthat you undertake a limited due diligence review lasting two days next week.Further to their preliminary talks with Robson’s management, Prescott has provided you with the following brief onRobson Construction Co:The chief executive, managing director and finance director are all family members and major shareholders. Thecompany name has an established reputation for quality constructions.Due to a recession in the building trade the company has been operating at its overdraft limit for the last 18months and has been close to breaching debt covenants on several occasions.Robson’s accounting policies are generally less prudent than those of Prescott (e.g. assets are depreciated overlonger estimated useful lives).Contract revenue is recognised on the percentage of completion method, measured by reference to costs incurredto date. Provisions are made for loss-making contracts.The company’s management team includes a qualified and experienced quantity surveyor. His mainresponsibilities include:(1) supervising quarterly physical counts at major construction sites;(2) comparing costs to date against quarterly rolling budgets; and(3) determining profits and losses by contract at each financial year end.Although much of the labour is provided under subcontracts all construction work is supervised by full-time sitemanagers.In August 2005, Robson received a claim that a site on which it built a housing development in 2002 was notproperly drained and is now subsiding. Residents are demanding rectification and claiming damages. Robsonhas referred the matter to its lawyers and denied all liability, as the site preparation was subcontracted to SarwarServices Co. No provisions have been made in respect of the claims, nor has any disclosure been made.The auditor’s report on Robson’s financial statements for the year to 30 June 2005 was signed, withoutmodification, in March 2006.Required:(a) Identify and explain the specific matters to be clarified in the terms of engagement for this due diligencereview of Robson Construction Co. (6 marks)
Whatever advance has been made in science and technology ( ) education. A、owe toB、owing toC、is due toD、due to
His success was due to()he had been working hard A、that the factB、that the factC、which the fact of
The bridge which ______ last year looks really beautiful. A was builtB builtC was set upD had been built
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