ACCA P7 Advanced Audit and Assurance

Free online study materials and support for ACCA P7 Paper

ACCA Paper P7 – Key to success

Nature of the ACCA P7 paper

ACCA P7 Paper – Advanced Audit and Assurance – a step up from F8 Audit and Assurance is to analyse, evaluate and conclude on assurance engagements. Where F8 looks at audit procedures and a student is typically in the role of an audit junior or semi-senior, at this advanced level the student is assistant-in-charge, manager or partner.
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New! June 2013 P7 Commentary

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Instant Poll

ACCA Exam Tips for Paper P7 December 2013 examinations

  1. Respond to an email from a partner – possible subject matters include risk of material misstatement, corporate governance and the role of the auditor, ethics
  2. Practice management, recruitment, training, review
  3. Discovery of evidence of insider dealing, offences against the Bribery Act and suggested auditor action
  4. Assurance services, ethical and professional issues
  5. A scenario question with 3 or 4 contentious matters with the requirement of “Comment on the matters above and explain the procedures you should expect to have been followed”

You really should refresh your memory about accounting standards from P2 course notes or, if you cannot face P2 course notes, then at least look through F7 course notes

Please Note

Tips should not be relied on – they are only intelligent guesses.
Their only purpose is to give you suggestions for topics to concentrate on in your last few days of preparation. Do not exclude other topics from your overall preparation.