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I know in AAA you dont write bullet points, but for audit procedures can i just list the procedures, im trying to make paragraphs instead of just a list but thats taking longer and my answers are not clear and to the point.
in a list im able to say what, how and why without dragging my answer.
also if a list is ok to do in exam do i need to provide a into or can i just dive in and write the list.
Don’t confuse “bullets” and “note form” – there is nothing wrong with appropriately used bullets – but you must NEVER write in “note form” (i.e. with so few words that the meaning of the “point” is not clear).
LOOK at any published answers for guidance – e.g. M20 Answer 1(b)(ii)
(ii) Audit procedures on sale of property
– Review board minutes to see if the property sale has been deliberated, i.e. has the rationale for the transaction been discussed, and formally approved by the company’s board.
– Agree the $50,000 sale price to the legal documentation relating to the sale of the property to the Group CEO.
– Confirm the carrying amount of the property at the date of disposal to underlying accounting records and the non?current asset register.
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