P7 Exam tips – June 2012 sitting

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This topic contains 20 replies, has 18 voices, and was last updated by avatar inesek 2 years, 3 months ago. This post has been viewed 256 times

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  • Avatar of ansi
    ansi
    Moderator
    • Topics: 88
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    More tips will be added in a while. Keep checking for updates.

    Opentuition

    1. Group audits
    2. Material misstatement risk (article)
    3. Non-audit services
    4. Standard Q3 – matters to be considered (ethical, professional, practical, accounting);
    state the evidence you should expect to find on the audit file
    (or identify the procedures you would expect to be followed)
    5. CAATs
    6. Completion of audit (Make sure to read Lisa’s article from October 2011 student Accountant about “Completing the audit”)

    best of luck with exam!
    ansi


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    imsaani
    Member
    • Topics: 1
    • Replies: 4

    Can I quote a standard not in full? For example ISA 240 Fruad and Error. Any assistance?


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    mukuvaris
    Participant
    • Topics: 4
    • Replies: 7

    You do not need to memorise the standards but you should exhibit high application skills meaning without quoting specific standards you can produce agood answer.


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    fazlerabbee
    Participant
    • Topics: 1
    • Replies: 3

    Please post BPP and Kaplan exam tips for P7.

    regards


    Avatar of ansi
    ansi
    Moderator
    • Topics: 88
    • Replies: 809

    updates:

    ATC

    • New audits, tendering.
    • Planning, materiality, sampling, analytical review.
    • Audit, business or financial statement risk.
    • Group audits, joint ventures, goodwill, joint audit.
    • Assurance services, PFI, KPI, due diligence, forensic audit, reviews, insolvency (UK & Ireland PQs only).
    • Ethics, practice management and other professional issues.
    • Close down procedures, opening balances, comparatives, other information, going concern, subsequent events, representation letter, emphasis of matter, audit reports.
    • Outsourcing, services providers, use of an expert.
    • Corporate governance, internal audit (relating to ethics, outsourcing), audit committees.

    First Intuition

    • Business risks in a scenario.
    • Identifying ethical and other professional issues in a scenario.
    • Audit reports.
    • Group audits.
    • Money laundering.
    • Forensic audits.


    avatar
    waseemakram
    Participant
    • Topics: 2
    • Replies: 1

    hi, anyone can send me P7 june-2012 kaplan mock answers@ waseem_chinarian@yahoo.com


    avatar
    Love
    Participant
    • Topics: 1
    • Replies: 10

    Please can any one send to me P7 June 2012 Kaplan mock answers @ ejikforchrist@yahoo.com


    avatar
    chacha173
    Participant
    • Topics: 0
    • Replies: 5

    Hi

    Can anyone send me P7 June 2012 Kaplan mock answers plsss @ char173@yahoo.com

    Thanks


    avatar
    vision2012
    Participant
    • Topics: 4
    • Replies: 6

    Dear all friends,
    can any one please provide me P7 kaplan mock question and answer for june-2012,please. aperin@yahoo.com


    avatar
    1254319
    Participant
    • Topics: 1
    • Replies: 2

    Dear friends
    can anyone send me p7 kaplan mock @ namulemem@yahoo.co.uk


    avatar
    kodza
    Member
    • Topics: 1
    • Replies: 3

    can some post the answers for the LBSF mock


    Avatar of pearl
    pearl
    Participant
    • Topics: 1
    • Replies: 1

    @ Ansi What is the title of the material misstatement risk article? Do you mean completing the audit article?


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    elen75
    Participant
    • Topics: 9
    • Replies: 4

    can anybody send me mock exam to ili_varna@yahoo.com


    Avatar of lawrencekop
    lawrencekop
    Participant
    • Topics: 0
    • Replies: 5

    can anybody send me mock exam to lucksign7@gmail.com
    Thanks!


    avatar
    abimbola1
    Participant
    • Topics: 1
    • Replies: 3

    Pls ,I need Kaplan’s Mock Exam for P7 Int’l abimbola_funke@yahoo.com

    Thanks.


    Avatar of lawrencekop
    lawrencekop
    Participant
    • Topics: 0
    • Replies: 5

    there is paper in the “document” section, go and download


    Avatar of sicily
    Anonymous
    • Topics: 5
    • Replies: 21

    These tips are total nonsense! As far as I remember they were never correct. I would even advise to revise everything beside the tips. Good Luck Everyone!


    avatar
    hilalpaksoy
    Member
    • Topics: 0
    • Replies: 16

    @pearl: no, he means the very last article Lisa has written which in summary tells below :

    they have changed the name for ” financial statement risk” to “risk of material misstatement”


    avatar
    hilalpaksoy
    Member
    • Topics: 0
    • Replies: 16

    lol, when you merge the tips together, cos you never know which ones are the lucky ones, you end up with the whole syllabus :)

    give me a text book, I will tell you 18 tips : Chapter 1- Chapter 18 ! :(


    avatar
    bilalrafiq
    Participant
    • Topics: 1
    • Replies: 2

    how can be CAATs examined???????

    what will be question style???

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