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  1. #1
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    Default P7 ACCA Exam Tips for June 2013

    P7 Advanced Audit and Assurance
    June 2013 ACCA Exam Tips [/SIZE]

    [SIZE=2]Use the following ACCA Exam Tips as important areas to cover but remember that no one knows what can come in your P7 ACCA Exam, on June 03, 2013 apart from Lisa Weaver (P7 examiner). Your safest bet is to achieve good syllabus coverage in your revision, as your examiner aims to do in every sitting of P7 Advanced Audit and Assurance Exam. [/SIZE


    Kaplan P7 June 2013 ACCA Exam Tips
    Core areas (as per examiner’s approach article) likely to be examined in every paper:
    • Engagement planning and risk assessment (audit risk);
    • Engagement procedures (i.e. evidence);
    • Ethics and professional issues;
    • Completion (matters to consider/evidence on file) and engagement reporting;

    Subjects of recent articles:
    • Planning (October 2012)
    Significant topics not examined for at least 18 months:
    • Subsequent Events (ISA 560)
    • Due diligence
    • Auditor’s responsibilities regarding fraud
    • Limiting liability
    • Changing auditors

    Current topics:
    • Competition in the statutory audit market
    • Improving the audit report.
    Please note: the UK variant is also very likely to include an aspect of Insolvency (wrongful & fraudulent trading?).
    Please be aware that the whole syllabus is examinable. Whilst the above topics are likely to be examined in forthcoming sittings this does not mean candidates should avoid other areas of the syllabus in their exam preparation.
    The examiner will set 5 questions, which will all have multiple elements, so it is likely that topics other than the ones noted above will be examined in the June 2013 exam. The examiner has noted that questions will not be restricted to topic areas (e.g. question 5 will not necessarily be on audit reporting) and instead we should expect to see topics spread across a number of questions.

    In addition, please note the case study questions in section A will have the requirements embedded in the question (see the article from the examiner ‘Changes in question style’). 4 professional marks will be available within one of the section A case study questions.

    Finally, please note that the questions in the exam now have a fixed number of marks as follows:
    • Question 1: 35 marks
    • Question 2: 25 marks
    • Questions 3 to 5: 20 marks each
    Last edited by Aadil; 05-22-2013 at 01:10 PM.

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    Bpp P7 June 2013 ACCA Exam Tips

    We expect that the P7 exam in June will mirror previous sittings, with two compulsory questions making up the majority of the marks on offer and a choice of two from three optional questions. For exams in 2013 and beyond, the compulsory questions will be fixed at 35 marks and 25 marks for Questions 1 and 2 respectively, while the optional questions will each score 20 marks.

    For this sitting, you can expect a planning scenario in the compulsory section which should draw on article content recently published by the P7 examiner, while we expect that optional questions will again test audit reports, ethical issues and practice-related matters. Candidates should also take heed of the examiner’s recent advice on exam technique for P7 and assurance engagements when preparing for this exam

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