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Audit Evidence – ACCA Audit and Assurance (AA)

VIVA

Reader Interactions

Comments

  1. alexgriff10 says

    August 6, 2024 at 7:45 pm

    Hello!

    Are these lectures still applicable for the Sept 2024 sitting?

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    • Kim Smith says

      August 9, 2024 at 11:39 am

      Yes (and D24, M25 and J25)

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  2. CristinaMS95 says

    July 23, 2024 at 8:40 pm

    Hi everyone
    Did someone passed the June exam?How it was? Some advices please ?

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    • Kim Smith says

      July 28, 2024 at 10:39 am

      @CristinaMS95 – this is a space for comments on the lecture – not for “chat” – please use the AA forum to engage with fellow students https://opentuition.com/forum/acca-forums/acca-aa-audit-and-assurance-forums

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  3. kirsten096 says

    April 8, 2024 at 9:02 pm

    Please could you confirm which part of the lecture notes the Analytical procedures refers to as I am struggling to find the ratio content in the lectures notes. Thanks!

    (I am studying for the June 2024 exam)

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    • Kim Smith says

      April 16, 2024 at 10:37 am

      To be sure of a prompt response can you please use my ask the tutor forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams (this space is for comments, not questions).

      Analytical procedures start around minute 21.

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  4. gkumar84@live.com says

    January 11, 2024 at 8:59 pm

    why start the lecture from random part of the chapter.

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    • Kim Smith says

      January 12, 2024 at 10:38 am

      No one has raised this as an issue previously – as you have brought it to my attention, I have noted for the 2024-25 update to swap sections 2 & 3 in the chapter.

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      • gkumar84@live.com says

        January 15, 2024 at 12:01 pm

        HI Kim,
        Please don’t take me wrong, it wasn’t a complaint, it is just the confusion.When you(student) change to a new chapter and see a topic taught which is not found in the beginning of the chapter so as a pupil I get confused and loose interest.

  5. Mahundi says

    October 20, 2022 at 4:34 am

    Sorry there any different between audit cycle,audit process,audit phase and audit stages

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    • Kim Smith says

      October 20, 2022 at 8:00 am

      If you have a question rather than a comment that is not answered by the posts below, please use the tutor forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams

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  6. sunny20 says

    August 12, 2018 at 4:26 pm

    Hi Ken,
    I often see the words “Audit process”, “Audit procedure” are they talk about same thing?

    Many thanks in advance

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    • Kim Smith says

      August 14, 2018 at 1:38 pm

      No they are not the same thing – “audit process” is a general term which encompasses what is involved in the conduct of an audit overall, so not just the evidence gathering part of it but what is involved in planning and communicating with client management during the course of the audit.

      “Audit procedure” may refer to an action to obtain audit evidence, e.g. “inspection” (of a document or asset) or how the auditor obtains an understanding of the entity (e.g. risk identification) or “substantive procedure” (e.g. a test of detail) or a “test of control”.

      In the exam you should expect to see the term “audit procedure” – it will always be given context (e.g. see the Specimen exam):
      “… audit procedures … to test the VALUATION assertion for non-current assets”
      ” … audit procedures … the MOST reliable audit evidence”
      “… audit procedures … to form a conclusion”

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  7. roseleka12 says

    February 22, 2017 at 2:13 pm

    Thank you so much Sir well understood

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  8. Ken Garrett says

    May 23, 2015 at 8:31 am

    There are just some qualities which accumulate to make evidence more reliable; they are not mutually exclusive and there is no ‘best’. So:

    Written is better than oral. External independent is better than internal. So for example, putting these two variables together you could construct a ‘pecking order from worst to best, as follows:

    Worst: internal oral (eg a director’s oral assurance is worth practically nothing)
    Medium:external oral (eg a customer’s oral assurance that a certain amont is owed)
    Medium: internal written (eg directors providing written representations)
    Best: external written (eg written confirmation from a customer about an amount owed).

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  9. tricia says

    May 23, 2015 at 1:12 am

    Dear Sir,

    You spoke about the pecking order of sources of evidence. I am a bit confused when my lecturer says auditor generated evidence is the most reliable form of evidence .

    My study material states that independent external source of evidence is most reliable. I don’t know who is correct and what is the most reliable source of evidence to the least reliable source. Please clear my confusion.

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    • siraj08 says

      December 5, 2015 at 6:58 am

      Audit evidence which is obtains by auditor directly and from external source not from the client source is more reliable…for example:
      1. confirmation letter directly receive by auditor from confirming party
      2. Original document provides more reliable evidene than photocopies etc

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