Results 1 to 2 of 2
  1. #1
    Senior Member
    Join Date
    Apr 2008
    Location
    Paki Land
    Posts
    152

    Default F8 ACCA Exam Tips for June 2013

    F8 Audit and Assurance
    June 2013 ACCA Exam Tips


    Use the following ACCA Exam Tips as important areas to cover but remember that no one knows what can come in your F8 ACCA Exam, on June 06, 2013 apart from Pami Bahl (F8 examiner). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in every sitting of F8 Audit and Assurance Exam.



    Bpp F8 June 2013 ACCA Exam Tips

    The F8 exam consists of 5 compulsory questions. Question 1 is a 30 mark scenario based question which will test a wide range of topics such as internal controls and audit evidence and procedures.

    The second question focuses on testing knowledge and is worth 10 marks. This question is often broken down in to 3 or 4 separate requirements and can require you to define some of the key terms within audit and assurance.

    Questions 3, 4 and 5 are worth 20 marks each and the requirements will largely be based upon the given scenario. Typical areas which are tested in these questions are corporate governance, planning, audit risk, internal controls, audit procedures and audit reports.

    Audit procedures, internal controls, audit risk and audit reports are almost always examined so make sure that you can generate both tests of control and substantive procedures for key cycles and balances as well as being able to identify internal control deficiencies. You should also ensure that you can draw out audit risks from a scenario as well as determining the effect audit issues may have on the audit report
    Last edited by Aadil; 05-22-2013 at 01:07 PM.

  2. #2
    Senior Member
    Join Date
    Apr 2008
    Location
    Paki Land
    Posts
    152

    Default


    Kaplan F8 June 2013 ACCA Exam Tips
    • Audit Framework: confidentiality / conflicts of interest / audit committees
    • Internal Audit: Role and function
    • Planning and Risk: Audit risk including analytical procedures
    • Internal Control: Cash / purchases system (including tests of control)
    • Audit Evidence: Purchases / payables; bank and cash; review engagements
    • Completion & reporting : Subsequent events (ISA 560) Auditor’s reports
    • Specific standards/topics:
    ? Elements of internal control: Control Environment (recent article) (ISA 315)
    ? Elements of assurance
    ? Expectation gap
    ? Professional clearance
    ? Audit strategy/plan (ISA 300)
    ? Risk assessment procedures (ISA 315)
    ? Materiality (ISA 320)

    Please be aware that recent diets for F8 have ranged from those requiring knowledge of the content of a broad range of standards (some quite peripheral to the syllabus) and those requiring grounding in the core auditing concepts/techniques. Therefore, students should be prepared for either possibilities
    in the June 2013 paper, or a combination of the two.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64