Please include a lecture video for Planning as well, i cant find it, thank you, and wonderful lecture, although bit incomplete but gives a good understanding…
Dear Sir, please can you tell me where can i find part b of the f8 syllabus among these lectures as it is difficult to find and compare the chapters with bbp book of f8. I need ch-6 risk assessment, ch-7 audit planning and documentation & ch-8 introduction to audit. In this lecture of risk i didnt see materialty,understanding the entity and its environment, fraud , law and regulations so where can i find these.
I have spent just few minutes as a registered member here but it appears I have the same challenge. These lectures seem to cover a slightly different syllabus from the BPP text book.
SIR,as per my concept assertion is some kind of confident one can get in the statement but i am not sure that how can i relate this with audit and what is meant by assertion level.
At the assertion level means that you have to get evidence for each assertoin made by each figure in the FS. So for a balance you need evidence for each of existence, valuation, completeness etc.
Sampling risk. Let’s say that in a population of 10,000 invoices, 5,000 have been properly dealt with and 5,000 have not.
If you choose a sample of, say, 20 items there is a chance that you pick only those that have been properly treated. This might lead you to conclude that all invoices have been correctly treated. You would have concluded incorrectly and that is a result of ‘bad luck’ with sampling. Unless you look at the whole population there is always the risk of wrong conclusions: that is sampling risk.
Sampling risk is reduced by increasing the sample size. So, if you choose 50 items to look at there is a greater chance that you will pick up some wrong ones and this should lead you to look at even more to see the extent of the aberrations.
When looking at chapter 6 in BPP, there are a lot more then what you explain in this lecture. For example : Materiality, Understanding entity and its environment , Responding to the risk assessment, Law and regulations. Are these in some other online lectures, or you didn鈥檛 explein them at all (or are they possible out of study text..I have book for exam 2014-2015.)?
waqasalbert says
Sir can these lectures and notes work for CA Pakistan exams??
shantell says
On point!, thank you.
beastventura says
Please include a lecture video for Planning as well, i cant find it, thank you, and wonderful lecture, although bit incomplete but gives a good understanding…
Ken Garrett says
Look at the lecture for Chapter 8 for planning.
amjashoukath says
Can you please give me a prediction ?or can any one send last time questions to practice?
Ken Garrett says
We do not provide tips any more. You can download a ‘hybrid’ of the September and December exams from the ACCA web site here:
https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/past-exam-papers.html
Full papers are not published any more.
ivalina20 says
I cannot open the lecture?
opentuition_team says
reload the page? try another browser.. lecture works fine.
sandala123 says
can I pass my exams if I’m only using your notes and lecturing ?
Raza says
Dear Sir,
please can you tell me where can i find part b of the f8 syllabus among these lectures as it is difficult to find and compare the chapters with bbp book of f8. I need ch-6 risk assessment, ch-7 audit planning and documentation & ch-8 introduction to audit. In this lecture of risk i didnt see materialty,understanding the entity and its environment, fraud , law and regulations so where can i find these.
Best regards,
Raza Haider.
obiora00 says
I have spent just few minutes as a registered member here but it appears I have the same challenge. These lectures seem to cover a slightly different syllabus from the BPP text book.
yadav009 says
anybody,,,give a best definition of auditing
Mfon says
Well explained
janeng15 says
Great and well explained. Thank you.
tasnumi says
Thank you.Briefly explained.BUT still i am struggling with audit assertion.
Ken Garrett says
What is the audit assertion?
tasnumi says
SIR,as per my concept assertion is some kind of confident one can get in the statement but i am not sure that how can i relate this with audit and what is meant by assertion level.
Ken Garrett says
At the assertion level means that you have to get evidence for each assertoin made by each figure in the FS. So for a balance you need evidence for each of existence, valuation, completeness etc.
tasnumi says
thank you sir.now i got it.
adilsiddiqui says
Assalam-o-Aliakum
Thanks Very Well Explain 馃檪 Sir
Muhammad irfan says
Thank you. Very well explained. But couldn’t get Sampling risk clear. !!!! Also notes here are enough to pass exams. Or should have to buy text book
Ken Garrett says
Notes + QUESTION PRACTICE are enough.
Sampling risk. Let’s say that in a population of 10,000 invoices, 5,000 have been properly dealt with and 5,000 have not.
If you choose a sample of, say, 20 items there is a chance that you pick only those that have been properly treated. This might lead you to conclude that all invoices have been correctly treated. You would have concluded incorrectly and that is a result of ‘bad luck’ with sampling. Unless you look at the whole population there is always the risk of wrong conclusions: that is sampling risk.
Sampling risk is reduced by increasing the sample size. So, if you choose 50 items to look at there is a greater chance that you will pick up some wrong ones and this should lead you to look at even more to see the extent of the aberrations.
Muhammad irfan says
Understood!!! Very well explained. Again thanks you very much for the support and prompt response.
puleleng says
thank you
veverica1983 says
When looking at chapter 6 in BPP, there are a lot more then what you explain in this lecture.
For example :
Materiality, Understanding entity and its environment , Responding to the risk assessment, Law and regulations.
Are these in some other online lectures, or you didn鈥檛 explein them at all (or are they possible out of study text..I have book for exam 2014-2015.)?
Thanks in advance,
Ken Garrett says
The lectures are what I would deliver to a class and with question practice are sufficient to pass.
Lectures are always less detailed than text books, but many people pass yet never open their text books.
ayesha says
Well explained !
toyah says
Well explained, thank you
margaretmukanwa says
very clear.
Samrat k. Pal says
Well explained but not interesting way.
robert gossa says
Well structures and explained lecture