new exam requirements for P7 (urgent help needed)

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This topic contains 5 replies, has 3 voices, and was last updated by avatar sidrashahab 1 year, 10 months ago. This post has been viewed 66 times

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  • Avatar of urchin
    urchin
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    • Topics: 3
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    Critically appraise the form and content of an auditor’s report in a given situation.[

    Advise on the actions which may be taken by the auditor in the event that a modified audit report is issued.

    identify and explain the matters specific to planning an audit of group financial statements including assessment of group and component materiality, the impact of non-coterminous year ends within a group, and changes in group structure.

    Recognise the audit problems and describe audit procedures specific to a business combination, including goodwill, accounting policies, inter-company trading, the classification of investments, equity accounting for associates, changes in group structure, and accounting for a foreign subsidiary.[3]

    Sir MikeLittle, could yu pls tell me how these requirements can be tested in the exams??? and wot will have to write to answer them??? I’m really worried abt them


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    sidrashahab
    Participant
    • Topics: 8
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    Hi
    Don’t u worry . This all is covered in bpp text. I am telling u the ques which covers all this stuff from bpp kit
    Willis 12/10 – covers the report requirement
    grissom 6/10 , beeski pilot paper, rosie 6/08 , Nassau group 6/11 will cover group section. Coterminous and the stuff is well explained in Lisa’s latest article. Also must read April 2011 group audit( SA article )
    For foreign subs read IAS 21
    Hope that helps


    Avatar of cuteleo110
    cuteleo110
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    • Topics: 5
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    sidra so nice nice of you :)

    May you get success in your exams :) keep it up.. Aameen


    avatar
    sidrashahab
    Participant
    • Topics: 8
    • Replies: 21

    Sumameen. I pray same for all of us.
    Mike havent responded to my thread regarding reports dec 11 . Do u have any clues.


    Avatar of cuteleo110
    cuteleo110
    Participant
    • Topics: 5
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    I have not checked that post.. let me search and check it..

    I need your prayers for my job.. I am qualified :) nO exams :) tension free life.. hehehe


    avatar
    sidrashahab
    Participant
    • Topics: 8
    • Replies: 21

    IA. U seem so capable. The best job is waiting for u.
    Meanwhile search for my report answer”…..

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