examiner’s approach: p 7, advanced audit and assurance
TRANSCRIPT
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EXAMINER’S APPROACH:
P7, Advanced Audit and Assurance
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WHERE THE PAPER FITS?
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Professional Level(7 papers in total)
Essentials (3 papers)
Options (2 from 4 papers)P4 Advanced Financial Management (AFM)
P5 Advanced Performance Management (APM)
P6 Advanced Taxation (ATX)
P7 Advanced Audit and Assurance (AAA)
Fundamentals9 papers in total
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LINKS TO OTHER PARTS OF THE
QUALIFICATION?
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P2
F8
PER
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OVERALL CONCEPT?
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P7 CONTENT?
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D Audit of historical financial information
A Regulatory Environment
B Professional and Ethical Considerations
C Practice Management
E Other assignments
F ReportingG Current Issues and Developments
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EXAM STRUCTURE?
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+15 mins
3 hours
Discursive
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Two questions Two from three questions
Case studies Shorter scenarios
Across syllabus
(Several parts)
Professional Level – P7
Section A Section B
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EXAM FEATURES?
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Style?Ethics?
Rule of And?
Cognitive level?
Professional marks?
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EXAM TIPS
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Key strategy Key areas
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Tip 2 - Think about the requirement!
Tip 1 - Question practice!
Tip 3 - Read examiner’s articles!
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EXAM PITFALLS
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Pitfall 2 - Answers too brief for marks available
Pitfall 1 - Lack of application of knowledge
Pitfall 3 - Not answering specific question requirements
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Examiners’ reportsExam
ReviewBoard
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TO CONCLUDE
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Think!
Read!
Answer!
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