Nature of the ACCA F8 paper
ACCA F8 Paper – Audit and Assurance – is primarily concerned with the purpose, process and outcomes of auditing. There is some follow-on from paper F1, but all matters are covered again in F8.
Structure of the ACCA F8 paper
Part A – 20% (12 multiple choice questions: four questions for 1 mark each, eight for 2 marks each)
Part B – 80% (six compulsory questions: four questions for 10 marks each, two questions for 20 marks each
Emphasis of the ACCA F8 exam
The syllabus and study guide take you through the purpose of audits, ethical considerations, how audits are performed and the reports that are issued after the audit has been completed. Part B is primarily scenario based where you have to apply knowledge to given situations.
How to pass ACCA F8 exam
Make sure you know auditing theory and, very importantly, understand how it is applied to the scenarios in the worked questions. You do not have to memorise the numbers of International Standards on Auditing.
When you are confident of a topic then practise as many past exam questions as you can.
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