Acca: Aaa (P7) Complete Exam Focus Quick Revision

You can use this course to speed up your revision for Advanced Audit & Assurance (AAA) (P7)

What you'll learn

Able to apply all the International Standards of Auditing (ISAs)

Able to apply ISRE standards, ISQC1 and IESBA Standards

Know how to write good script of answers

Know how to tackle AAA questions

Requirements

Taking audit course

Description

In this AAA intensive revision course, you will revise all the International Standards on Auditing (ISAs), ISRE, and ISQC1 standards. I will teach you step-by-step how to attempt the examination questions. Using the actual past year's questions as the tutorial questions, I show you how to write good answers.Examination Structure––––––––––––––The duration of the examination is three-hour 15 minutes.The examination is constructed in two sections. Questions in both sections will be largely discursive. However, candidates will be expected, for example, to be able to assess materiality and calculate relevant ratios where appropriate.Section ASection A will comprise a Case Study, worth 50 marks, set at the planning stage of the audit, for a single company, a group of companies, or potentially several audit clients. Candidates will be provided with detailed information, which will vary between examinations, but is likely to include extracts of financial information, strategic, operational, and other relevant financial information for client business, as well as extracts from audit working papers, including results of analytical procedures. The 50 marks will comprise 40 technical marks and 10 professional skills marks. All professional skills with be examined in Section A.Section BSection B will contain two compulsory 25-mark questions, with each being predominately based on a short scenario that may relate to more than one client. The 25 marks will comprise 20 technical marks and five professional skills marks. Section B questions will examine a combination of professional skills appropriate to the question. Each question will examine a minimum of two professional skills analysis and evaluation, professional skepticism and judgment, and commercial acumenOne question will always predominantly come from syllabus section E, and consequently, candidates should be prepared to answer a question relating to completion, review, and reporting. There are a number of formats this question could adopt, including, but not limited to, requiring candidates to assess going concerns, the impact of subsequent events, evaluating identified misstatements, and the corresponding effect on the auditor’s report. Candidates may also be asked to critique an auditor’s report or evaluate the matters to be included in a report which is to be provided to management or those charged with governance.

Overview

Section 1: Introduction to AAA Intensive Revision Course

Lecture 1 Overview of Intensive Revision Course

Section 2: Intensive Revision

Lecture 2 Examination Technique

Lecture 3 IRC ISA 210-330

Lecture 4 IRC ISA 402- 540

Lecture 5 IRC ISA550-720. IESBA, ISRE & ISQC1

Section 3: Exam Techniques Tutorial Sessions

Lecture 6 PYQ Dec 2021 Q1

Lecture 7 PYQ Mar 2021 Q1

Lecture 8 PYQ Mar 2020 Q1

Lecture 9 PYQ Mar 2020 Q2

Lecture 10 PYQ Mar 2020 Q3

Lecture 11 PYQ Sep 2019 (Specimen) Q1

Lecture 12 PYQ Jun 2019 Q1

Lecture 13 PYQ Jun 2019 Q2 & Q3

Lecture 14 PYQ Dec 2018 Q1

Lecture 15 PYQ Dec 2018 Q2 & Q3

ACCA students who sit for AAA examination