jazib

Here are some tips on how to answer questions in F8 so as to get maximum points:

1)Ensure that when you write your answer, you always link to financial statement assertions if on internal controls, planning, internal audit, audit reports etc

2) If you are writing about weaknesses in a system, or ethical conflicts, ensure you explain why this is a weakness/conflict and the potential impact it could have on the financial statements.

3) If you are writing about tests to be conducted, explain

• Why you are conducting the test (eg audit assertion - for completeness, existence etc)
  
• Exactly how you would do it so that an audit junior would be able to pick up your answer and do the test without having to ask you anything (eg find the original purchase invoice and check that the quantities listed and goods order match the quantities listed and goods ordered on the purchase order form. )

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soniaronald

That was some good piece of advice..thnks!!

nabianan

good advice thanks.I hope this time around i pass F8 coz i have failed it twice.

vetrivel

Thank You For Your Information.
This My Third Year In Audit Paper. I Hope To Pass The Audit Paper.

cmatthews

thanks for the tips

jazib

Originally Posted by cmatthews

thanks for the tips

You are more than welcome cmatthews. With all of our members we can share and help to gain more by sharing what we have.

Sharing is Power

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bhagath

many thanks

ndhlavane

Good tips,thanx

Joseph Ntanda

Hi there,

I have enjoyed reading the exam tips you have put about answering the questions. Do you have any exam tips about the topics for december,2008 exams.

Regards,
Joseph

fanshawe

audit committe is important