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These tips should be used in conjunction with proper studying.The key examinable areas are based on Kaplan's experience and understanding of the ACCA exams and will help focus your last minute revision.


P7 INT & UK - ADVANCED AUDIT AND ASSURANCE Exam Tips for June 2009 by FTC


The examiner will set 5 questions, which will all have multiple elements, so it is likely that other topics than the ones noted below
will be examined in the June 2009 exam.

Core areas (as per examiner's approach article) likely to be examined in
every paper:

Engagement planning and risk

Engagement procedures (i.e. evidence)

Ethics and professional issues

Engagement reporting (audit reports in particular)

Subject of recent articles:

ISA 240 Fraud and Error

Risk an environmental audit (by P1 examiner but relevant to P7)

ISA 560 Subsequent Events

ISA 540 Audit of Accounting Estimates

(The latter two were mentioned in an article by Lisa Weaver published in
November 2008. However they remain unexamined and are likely to appear
in this or the December 2009 sitting).

'Peripheral areas' from examiner's approach article yet to be examined:

Regulatory framework

Obtaining work

Corporate governance




Please also read all the recent Examiners Articles relevant to your papers - available on the ACCA website or in the Student Accountant magazine.

We hope you find these useful; remember that the key to success, other than knowing the material well, is question practice so try to attempt as many questions as you can in the run up to the exams.

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