F8 December 2008 ACCA Exam Tips

[SHOWTOGROUPS="15"]Payables validation of period end balances and cut-off.

Acceptance of appointment ethical and practical issues.

System evaluation and management letter extracts.

Audit of estimates including provisions and contingencies.

Understanding unmodified audit reports and modified opinions.

Closing review, subsequent events and threats to going concern status.

Payroll audit procedures.

Not for profit organisations.

Internal control weakness.

IAS 570 going concern.

Analytical review as a planning tool.

Threats to an auditors independence.

Inventories or non-current assets.

Use the following tips as important areas to cover but remember that no one knows what is in the exam, apart from the examiner. Your safest bet is to achieve good syllabus coverage in your revision, as the examiner aims to do in the exam.