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Hi all, I haven’t posted on Opentuition before, but I have been checking out the comments and feedback on each exam as I sat them over the past year. Thankfully I have passed them all now, with P7 being my last in June.
I can see a few people asking for advice on how to pass this one, so I thought I’d share my method of preparation for it – I threw the books aside and did out of a summary of all the key ISA’s and IAS’. I got hold of the practice case studies used by Chartered Ireland and their FAE Advanced Auditing papers and I sat and did each one and then reviewed the model answers. I then did all the past ACCA P7 papers. For a large part of the study period, I was frustrated as hell whilst doing the papers as I felt like I was getting it all wrong, but somehow, I was starting to see a pattern of what they look for and how to address different issues. I think the Chartered and ACCA cases were very similar and the requirements were likewise, very similar.
I sat the Irish version of P7, so if anyone wants the case studies sent to them, just let me know and I will email them to you. There is not much difference between the UK & Ireland versions either, so I think the case studies would be good prep for the UK version also.