ACCA Examiner tips for AA
作者：泽稷教育 发布时间：2019-12-09 13:42
AA candidates were reminded by the examinerthat a fundamental factor in planning and assessing the risks of an audit of anentity is an assessment of audit risk-and this remains a highly examinablearea!Audit risk questions typically require a number of audit risks to beidentified(0.5 marks each),explained(0.5 marks each)and an auditor’sresponse to each risk(1 mark each).Typically you need to have 6-8 risks andresponses in your armoury.
For Septemeber’s exam it was disappointing tosee many candidates failed to score many marks in the knowledge requirements ofinternal controls.The examiner encourages students to look at Comet Publishing(Sept/Dec 2017)and Raspberry Co(March/June 2018).Some students were alsoweak at identifying key controls and the implications of deficienciesidentified.Another area that needs beefing up is candidates’descriptions oftests of controls that an auditor should perform.
When it comes to audit evidence manysitters did not seem to understand substantive procedures.Learning a genericlist of tests will not translate to exam success.
Finally under the heading‘review andreporting’the examiner says candidates must ensure they are knowledgeable onmodifications caused by insufficient evidence as that are for material misstatements.
