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Advanced Audit and Assurance (International)

March/June 2018 – Sample Questions P7 INT ACCA ... 'We have acted as Group auditor for the last four years and our audit opinion has been unmodified ...



Advanced Audit and Assurance (International)

2017?12?31? September/December 2017 – Sample Questions ... Section A – BOTH questions are compulsory and MUST be attempted ... Paper P7 (INT).



Advanced Audit and Assurance (International)

2016?12?31? Section A – BOTH questions are compulsory and MUST be attempted. Section B – TWO questions ... September/December 2016 – Sample Questions.



THE ESSENTIAL GUIDE

EXAM SUCCESS. APRIL 2012. THE ESSENTIAL GUIDE. ALL YOU NEED TO KNOW FOR THE JUNE 2012 EXAMS. RELEVANT TO PAPERS P1 TO P7. EXAM ADVICE AND GUIDANCE.



1 Exam Approach Interview: P7 Advanced Audit and Assurance

The examiner is Lisa Weaver and she was appointed as an ACCA examiner in July 2006. P7 is based primarily on the idea that in exam questions



Advanced Audit and Assurance – United Kingdom (AAA – UK)

Sample Questions. Time allowed: 3 hours 15 minutes Section B – BOTH questions are compulsory and MUST be attempted ... Accountants. AAA UK ACCA EN ...



Answers

2016?12?31? Professional Level – Options Module Paper P7 (INT). Advanced Audit and Assurance (International). September/December 2016 Sample Answers.



Advanced Audit and Assurance (United Kingdom)

March/June 2018 – Sample Questions P7 UK ACCA ... 'We have acted as Group auditor for the last four years and our audit opinion has been unmodified each ...



Advanced Audit and Assurance (Singapore)

2015?12?31? Section A – BOTH questions are compulsory and MUST be attempted. 1. You are a manager in the audit department of Mondrian & Co ...



Advanced Audit and Assurance – International (AAA – INT)

2018?12?3? ALL THREE questions are compulsory and MUST be attempted ... AAA INT ACCA ... assisted Mick with his personal tax planning in the past.

Answers

Professional Level - Options Module, Paper P7 (INT) Advanced Audit and Assurance (International)September/December 2016 Sample Answers

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DD Professional Level - Options Module, Paper P7 (INT) Advanced Audit and Assurance (International)September/December 2016 Sample Marking Scheme a kEvaluation of audit risk

Generally up to 2 marks for each well explained audit risk. In addition, 1 mark for each correct materiality

calculation to a maximum of 2 marks and 1 mark for each relevant calculation such as trends. -Re cognition of 50% equity shareholding in WTC -Am ortisation of licence to operate in Farland -Po ssible impairment of licence -Ri ght to use network capacity -Fi rst-time adoption of IFRS 15

-Re venue recognition - max 5 marks if discuss a range of issues specific to IFRS 15 including multiple

element contracts, timing of recognition, disclosure requirements, volume of transactions -In ternal controls and fraud risk - up to 4 marks for a detailed discussion of fraud risk -Se gmental reporting

Maximum marks14

akInternal auditGenerally up to 2 marks for discussion of each relevant matter: -Ge neral introduction, comment on prohibition in some jurisdictions -Ob jectivity -Co mpetence -Di sciplined and systematic approach -Us ing the internal auditors to provide direct assistance

Maximum marks7

akAudit proceduresGenerally 1 mark for each well explained audit procedure: akInvestment in WTC -Ob tain the legal docume ntation supp orting the investm ent and agree the details of the investment (max 2 marks for details of items to be verified)quotesdbs_dbs10.pdfusesText_16
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