P7 Revision Course

based on September 15 TIPS

3 things you should do during the course

2) Download the exam question which Richard is about to go through

Read the scenario and then watch how you should answer it.

3) Do the next stated question on your own

2 things you should do before the exam

1) Write down 3 bullet points to each topic on the piece of paper

2) Read a page of them - turn it over - and write down what you
remember - Repeat this process until you remember it all

3 things to understand if youre going to pass

1) Remember P7 paper is about applying knowledge to the scenario

2) To get the knowledge see above

3) In the exam, dont be clever - let the scenario lead you - make obvious point

4 things to do in the exam hall

1) Try to stay calm, The answer is there in the scenario :)

2) Use 15 minutes reading time to choose the questions you will do

and then read Q1 scenario

3) Use headings and small paragraphs to make it easier for the maker
to read it and give you marks :)

4) NEVER use bullet points in the exam

1) Watch the video where the TIP / TOPIC is explained

Tip 1 - Laws and regulations

1. Watch the video (HERE) and (HERE) and (HERE) (16 minutes) >

2. Read the scenario of the December 2013 Q3b and then

watch how to answer it (HERE) (6 minutes) >

3. Read the scenario of the June 2010 Q3a and then

watch how to answer it (HERE) (5 minutes) >

4. Read the scenario of the June 2009 Q2a (HERE) and do the question on your own.

Tip 2 - Ethics

1. Watch the video (HERE) and (HERE) (13 minutes) >

2. Read the scenario of the June 2012 Q4a and then

watch how to answer it (HERE) (16 minutes) >

3. Read the scenario of the December 2012 Q3b then

watch how to answer it (HERE) (6 minutes) >

Tip 3 - Fraud and error

1. Watch the video (HERE) and (HERE) (8 minutes) >

2. Read the scenario of the December 2011 Q4ab and then

watch how to answer it (HERE) (14 minutes) >

3. Read the scenario of the June 2013 Q4a then

watch how to answer it (HERE) (9 minutes) >

Tip 4 - Quality control

1. Watch the video (HERE) (5 minutes) and (HERE) >

2. Read the scenario of the June 2013 Q2a and then

watch how to answer it (HERE) (12 minutes) >

3. Read the scenario of the December 2012 Q5a then

watch how to answer it (HERE) (9 minutes) >

Tip 5 - Advertising

1. Watch the video (HERE) and (HERE) and (HERE) (4 minutes) >

2. Read the scenario of the December 2010 Q4ai and then

watch how to answer it (HERE) (5 minutes)

Tip 6 - Risks and MM

1. Watch the video and do the summary (HERE) and (HERE) ( 15minutes) >

2. Read the scenario of the December 2007 Q1a question and then

watch how to answer it (HERE) (12 minutes) >

3. Read the scenario of the June 2014 Q4a and then

watch how to answer it (HERE) (6 minutes) >

4. Read the scenario of the December 2012 Q1a and then

watch how to answer it (HERE) (16 minutes) >

Tip 7 - Group Audits

1. Watch the video (HERE) and (HERE) (12 minutes) >

2. Read the scenario of the June 2012 Q1ai,ii and then

watch how to answer it (HERE) and (HERE) (18 minutes) >

Tip 8 - Money Laundering

1. Watch the videos (HERE) >

Tip 9 - Due Diligence and

Internal audit - Outsourcing

1. Due Diligence - Watch the video

2. Internal audit - Watch the video

(HERE) >

(HERE) and (HERE)>

Tip 10 - Reporting

3. Read the scenario of the June 2008 Q5c and then

watch how to answer it (HERE) (3 minutes) >

1. Watch the video and do the summary and the

test afterwards (HERE) (16 minutes)

2. Read the scenario of the December 2010 Q5a and then

watch how to answer it (HERE) (10 minutes) >

Tip 11 - Audit Committee

1. Watch the video (HERE) (7 minutes) >

2. Read the scenario of the December 2011 Q2b question and then

watch how to answer it (HERE) (8 minutes) >

Tip 12 - Appointment

1. Watch the videos (HERE) >

Tip 13 - Audit of specific items

1. Watch the videos (HERE) and (HERE) and (HERE) >

Tip 14 - The audit of performance

information in public sector

1. Watch the video

(HERE) (9 minutes) >