A Competence B Integrity C Independence D Transparency

What are the advantages of the audit process?

A The accounts will be subject to an independent review B An independent and professional opinion will be obtained on the truth and fairness of financial statements

C The audit can help to prevent fraud D It ensures the directors have fulfilled their statutory obligations

1 A and B 2 C and D 3 A, B and C 4 All of the above

Describe your future plans for work or study in the field of accounting and finance.

Answer, in English, in about 50 words. There is no right or wrong answer.

Last week's answers

1 B; 2 B

Last week's winner

Oi Yee-man

PRIZES

First prize Certified accounting technician (CAT) initial registration fee plus first year annual subscription fee (worth about HK$800) and an ACCA USB memory stick (256MB) Second and third ACCA USB memory stick (256MB) 10 merits ACCA souvenirs

All entries will be judged by ACCA Hong Kong. The judges' decision is final.