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[主观题]

Thirty-one million Americans are over 60 years of age, and twenty-nine million of them are

healthy, busy, productive citizens. By the year 2030, one in every five people in the United States will be over 60. Elderly people are members of the fastest-growing minority in this country. Many call this the "graying of America".

In 1973, a group called the "Gray Panthers" was organized. This group is made up of young and old citizens. They are trying to deal with the special problems of growing old in America. The Gray Panthers know that many elderly people have health problems; some cannot walk well, others cannot see or hear well. Some have financial problems; prices are going up so fast that the elderly can't afford the food, clothing, and housing they need. Some old people are afraid and have safety problems. Others have emotional problems. Many elderly are lonely because of the death of a husband or a wife. The Gray Panthers know another fact, too. Elderly people want to be as independent as possible. So, the Gray Panthers are looking for ways to solve the special problems of the elderly.

The president of the Gray Panthers is Maggie Kuhn, an active woman in her late 70s. She travels across the United States, educating both young and old about the concerns of elders. One of the problems she talks about is where and how elders live. She says that Americans do not encourage elders to live with younger people. As far as Maggie Kuhn is concerned, only elders who need constant medical care should be in nursing homes.

Maggie Kuhn knows that elders need education, too. She spends lots of time talking to groups of older Americans. She encourages them to continue to live in their own houses if it is possible. She also tells them that it is important to live with younger people and to have children around them. This helps elders to stay young at heart.

What health problems do many elderly have?

A.They feel lonely.

B.They are suffering from cancer.

C.They cannot walk or see or hear well.

D.They have got heart problems.

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(b) You are the audit manager of Johnston Co, a private company. The draft consolidated fi

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the year ended 31 March 2006 show profit before taxation of $10·5 million (2005 – $9·4 million) and total

assets of $55·2 million (2005 – $50·7 million).

Your firm was appointed auditor of Tiltman Co when Johnston Co acquired all the shares of Tiltman Co in March

2006. Tiltman’s draft financial statements for the year ended 31 March 2006 show profit before taxation of

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Identify and comment on the implications of these two matters for your auditor’s reports on the financial

statements of Johnston Co and Tiltman Co for the year ended 31 March 2006. (10 marks)

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