Audit & Assurance exam has a regular question on the Audit Risk & the Response. The examiner may ask you to describe up to 8 Audit Risks along with the Auditor’s response. That means 16 marks in total. It may be less for instance 5 or 6 risks, depending on the marks. A good thing
Ethics Issue Threat Safeguard Financial interests SELF-INTEREST THREAT Disposing of the interest Removing the individual from the team if required Close business relationships SELF-INTEREST THREAT & INTIMIDATION THREAT Terminate the business relationship Refuse the assurance engagement. Employment with an audit client
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Very Important Topics of AAA by Sir Rashid Hussain Advanced Audit & Assurance (P7) – Important topics for September 2019 Question # 1 Business Risks Risks of Material Misstatements along with analytical procedures Audit Procedures Ethical Issues Knowledge Based Part Important Standards you should know for Q1: IAS 2,16,21,23,33,36 IFRS 2,8,15 & 16 Important Procedures
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ACCA Optional Level March 2019 Exam Tips Advanced Financial Management (AFM) March 2019 Exam Tips From September 2018 every exam will have questions which have a focus on section B of the syllabus (advanced investment appraisal) and section E (treasury and advanced risk management techniques). These syllabus areas are therefore high priority areas for your revision.
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