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October 5, 2022 at 10:45 am
Greatly explained sir ! Your lecture is amazing.
I just had one confusion. Here in this lecture at around 10-12min you said that Auditor says its not their responsibility of failing to detect any fraud successfully – ie they cannot detect all frauds in other words.
However, in previous lecture you said the company could threaten an auditor to sue him for failed fraud detection if he does not sign a cleared audit for this term.
Kim Smith says
October 5, 2022 at 11:30 am
I should be most grateful if you could please ask any questions on the tutor forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams
April 26, 2020 at 10:50 pm
Thanks for the lecture
January 13, 2020 at 12:50 am
Sir can these lecures be used for march attempt 2020 plese do tell
September 11, 2019 at 12:35 pm
it is really helpful, thank you.
March 13, 2019 at 7:55 am
Please can you repost your question to the relevant forum https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-audit-and-assurance-aa-exams/ and I will answer it there.
The tutor forums are regularly monitored to provide students with timely response. The “leave a comment” feature here is specifically for comments on the lecture.
March 12, 2019 at 11:06 pm
Good Day Sir,
Example : Profit before tax $5.6 mil, Revenue $55 mil
Defective product $0.85 mil, Scrap value $0.1 mil
Therefore inventory is overstated by $0.75 mil
In calculating the materiality :- do I say 5% of $5.6mil=$0.28
Question – What do I measure the $0.28 against to know whether it’s material or not?
December 29, 2018 at 5:27 am
What should be the best suggested approach for this paper with these rich materials here? Should I start with reading the notes of watching the online videos then revision??? Help me
January 16, 2019 at 10:00 am
I think it’s a matter or personal preference whether you read the notes first, then watch the lecture or vice versa. At the strategic professional level, exam style and standard questions will integrate a number of different topics. So whereas for some early papers you can study a chapter, then attempt a question, that doesn’t work for AAA. So you should aim to study the entire syllabus first in sufficient detail so that you can then move on to question practice.
Please, if you want to ask a question rather than leave a comment, use the relevant forum as the forums are monitored regularly to ensure you are given a timely answer.
August 8, 2018 at 2:42 pm
Please post questions for the tutor to the ask the tutor forum (AA) which is monitored daily. In your post please clarify what you mean by “between the materiality guideline”.
May 18, 2017 at 6:10 pm
I downloaded the notes September/December 2016 but did not attempt the exam. Can I use the same notes for the June 2017 sitting?
Thanks in advance.
Ken Garrett says
May 19, 2017 at 1:43 am
January 27, 2017 at 11:15 pm
Just a quick question.
If there is a going concern issue for a company, which is included in the notes to the financial accounts, would the audit report show this as:
1) Include an Emphasis of matter paragraph drawing attention to the note regarding going concern uncertainty & include a material uncertainty related to going concern paragraph, again drawing attention to the note in the financial accounts
2) include only a material uncertainty related to going concern paragraph, drawing attention to the note but exclude the emphasis of matter paragraph as it covered by the material uncertainty paragraph.
January 28, 2017 at 7:34 am
It has to be shown in the special material uncertainty as to going concern para and will not then be also shown in an EoM para.
January 29, 2017 at 8:09 pm
January 26, 2017 at 12:11 am
Hello, i would like to know if using the notes available here, watching the lectures and practising from the BPP revision kit will be enough to pass this exam. I tried reading the BPP study text and find it overwhelming.
January 26, 2017 at 8:10 am
Yes, that approach is often successful. Question practice is vital.
Refer to the text when you feel you need more detail on something.
April 21, 2017 at 3:15 pm
would you please share where did you get BPP stydy text? i mean, is it available via any Online Source?
November 9, 2016 at 2:13 am
I use mobile data. I can’t download the video. why? video was downloadable
September 20, 2016 at 3:19 am
Hello, sir, the exam format changed but in introduction video, we still have an old format. Are we going to have an updated one soon?
September 20, 2016 at 5:38 pm
In about a month. In the meantime rely on ACCA information.
September 15, 2016 at 8:54 am
Is this update relevant to Dec 5th ’16 exams? or should we stick to the old notes?
September 15, 2016 at 4:29 pm
All currently downloadable notes relate to the December exams. Therefore, don’t rely on old notes.
August 31, 2016 at 6:27 pm
is this video helpful for december 2016 or should we stick to the notes itself ?
August 31, 2016 at 8:19 pm
The video and the notes stay the same things and are relevant to December 2016. Make sure you have the latest notes downloaded.
September 1, 2016 at 4:49 pm
do u think going through ur notes and past exams will help getting decent score ? thnks for the reply.
December 3, 2015 at 1:13 pm
Yes. No opinion will be modified for immaterial matters.
Remember, the percentages are guides to the value of misstatements etc, but materiality can also be triggered because of the nature of a misstatement (eg directors emoluments not accurately states).
December 3, 2015 at 12:23 pm
Are the materiality percentages still applicable?
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