Comments

    • Profile photo of gromit says

      My two prime pieces of advice are:

      (1) Practise questions. Even with the new format exam where there are 20 marks for multiple choice questions, most of the marks are for scenario type questions where you have to respond to the information given and, for example, identify internal control weaknesses in the system described, devise audit tests, decide on an appropriate audit report etc.

      (2) Write you answers in sufficient detail. For example something like “Check despatches” means nothing. You have to really describe what you mean such as:

      “For a sample of despatch notes trace to customers’ orders to verify that only ordered goods have been despatched”

      “For a sample of despatch notes trace to invoices debited to customers’ accounts to verify that despatches have been invoiced and accounted for completely”.

      You have to write in enough detail that an unskilled person would understand what you mean.

  1. Profile photo of iluvgorgeous says

    Dear Sir,
    Just a small note to say thank you so much. Your brilliant lectures helped to get through this. I will most certainly pass. Your name dosent come up but you and Mr Moffat are two gems. thank you open tuition.

  2. Profile photo of Mahoysam says

    Hey! I really wonder! I work in an audit firm, in every audit we perform, it is us who draft the FS for the client, it is not just our firm that does that, ALL audit firms where I live does that, it is the normal thing as a part of the audit, we do the audit using the TB and then we prepare the FS for the client after the audit is done, yet it is the client who is supposed to prepare the FS BEFORE we even arrive, isn’t it?
    Is this compromising our independence? Is this considered self-review? I really wonder!!

  3. avatar says

    I had previously had issues with viewing the videos, getting a ‘server not found’ error. I ran command prompt as advised and it played for a while but now I’m getting the same message again. Is this supposed to be a repetitive problem?? Kudos to opentuition and thanks so much.

    • avatar says

      @bahardcc, Basically If your getting all your money one client, your going to do everything in your power to keep them happy and make sure you get paid, thus losing your integrity and independence . If the client is only say 5% of your turnover, your more likey stay independent and tell them they are doing something wrong and refuse to sign their accounts off as a true and fair repesentation of the company.

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