ACCA Tips-December 2010 by various tuition providers

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• LSBF
• Business risk/due diligence.
• Audit work on segment
• Information /related party transactions/provisions/intangibles.
• Social/environmental reporting and assurance reports.
• Evaluation of proposed audit report.
• Advertising by audit firms.
• Ethical threats and safeguards.
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• Kaplan
• Engagement planning and risk assessment
• Ethics and professional issues
• Auditing in a Computer Based Environment
• Discontinued operations
• Due diligence
• Forensic audit
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• First Intuition
P7 – Advanced Audit & Assurance
• • Engagement planning and risk assessment
• Ethics and professional issues
• Auditing in a Computer Based Environment
• Discontinued operations
• Due diligence
• Forensic audit
BPP
A risk-based and/or planning scenario in the compulsory section
• Questions based on articles published in Student Accountant in the past six
months
• A number of requirements asking for audit procedures and required evidence
in respect of specific financial reporting issues
• A practice-based scenario looking at professional, ethical and quality control
issues
• A reporting scenario of some sort – probably testing either emphasis of
matter or other matter paragraphs

OpenTuition Tips for ACCA P7 December 2010

q1 Business risk tied up with financial statement risk ( Hydrasports )

q2 Going concern – theory ( Audit Reports ) and scenario ( Cinnabar )

q3 Scenario and then “Comment on the matters you should consider and
state the audit evidence you should expect to find” ( loads of questions in
the revision kit like this )

q4 Ethics – 3 or 4 ethical issues ( Bartholeme ) and / or money

laundering (Dedza ) ( Naze )

q5 Audit reports – critically appraise ( Pluto ), ( Cleeves ), ( Axis )

Words in brackets refer to questions in the BPP 2010 revision kit