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Which are the current issues to be focused for March 2022 exams ? which are the technical articles to be focused?
Per the syllabus:
G Current issues and developments
Discuss the relative merits and the consequences of different standpoints taken in current debates and express opinions supported by reasoned arguments.
1. Professional and ethical developments
a) Discuss emerging ethical issues and evaluate the potential impact on the
profession, firms and auditors.[3]
b) Discuss the content and impact of exposure drafts, consultations and other
pronouncements issued by IFAC and its supporting bodies (including IAASB,
IESBA and TAC).[2]
2. Other current issues
a) Discuss current developments in auditing standards including the need for
new and revised standards and evaluate their impact on the conduct of audits. [3]
b) Discuss current developments in business practices, practice management and audit methodology and evaluate the potential impact on the conduct of an audit and audit quality. [3]
c) Discuss current developments in emerging technologies, including big data and the use of automated tools and techniques such as data analytics and the potential impact on the conduct of an audit and audit quality.[3]In terms of technical articles:
Group audits: https://www.accaglobal.com/an/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/group-audits.html – this is not “current issue” but is a recent article on the subject replacing out-of-date articles – so worth a skim read.
ISA 315 (Revised): https://www.accaglobal.com/an/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/risk-understanding-entity.html – this is definitely worth a read if you haven’t specifically studied how this differs from the ISA 315 that was examinable when you sat AA.
The “Role and mindset” exposure draft is still examinable as a current issue: https://www.accaglobal.com/an/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/role-mindset.html
This article has a paragraph “Other aspects of an audit where professional scepticism may be important” relevant to an examinable doc (IAASB Questions and Answers Professional Scepticism in an Audit of Financial Statements (February 2012)): https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/scepticism.html – but apart the later part of the article has been superseded by the role and mindset project (so I suggest can be ignored).
Data analytics and the auditor https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/data-analytics.html – this is worth reading as it is still the only article written by the examining team on this increasingly examinable area.
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