ACCA Advanced Audit and Assurance (AAA) Question Clooney

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1. maraam says

   November 17, 2022 at 1:53 pm

   Sir,
   I would appreciate if you may tell me how to highlight key matters while planning (reading) the question in CBE. As it is not possible wasting time on writing them down while reading through the question.
   thank you

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   • Kim Smith says

     November 22, 2022 at 4:47 pm

     Download the “Strategic Professional CBE platform guidance document” (pdf) from here https://www.accaglobal.com/africa/en/student/exam-support-resources/professional-exams-study-resources/p7/aaa-cbe-introduction.html and read carefully to make sure you know all the functionality that is available.

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2. Kim Smith says

   January 28, 2019 at 2:38 pm

   1) Yes – in the published answer there is also the statement ” The identi?able assets of the business segment represent 5·7% of total assets (235/4,100 x 100%), so they are material to the statement of ?nancial position.”

   2) See my answer to this post https://opentuition.com/topic/december-2018-answer-question-number-2-b-audit-evidence/

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3. msk29 says

   January 28, 2019 at 10:06 am

   Hello!

   I have 2 questions:

   1) Referring to your method of materiality computation, my method is different. Eg: for Shelly’s cruises the total assets were 235/4100 * 100% = 6% therefore material. So is my method applicable in exams?

   2) As per the question requirement on finding the evidence expected in the working papers, does it mean giving the audit procedures?

   Thank you.

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