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Ask the Tutor ACCA AAA

Audit risk and Business risk mark allocation

CChinedu4y ago
Hello, Please does the "3 marks per point count for both audit and business risks or only aduit"? Also, risk of material misstatement, is that mainly audit risk or analytical calculations on the scenario. Thank you
KimKimTutor4y ago#1
See in my post here - the one on February 27 - where I explain making for the evaluation of the risks of material misstatement (including marks for materiality and analytical procedures) https://opentuition.com/topic/aaa-exam-2 In short - evaluation of RoMM is max 3 each - materiality and results of analytical procedures are on top of that at 1/2 mark each calculation/trend but capped - say at 3 and 4 marks respectiviely. Some RoMM will merit only 2 marks max because there is less to evaluate - e.g. disclosure risks. Business risks you should work to only 2 marks max each - see https://www.accaglobal.com/hk/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles/exam-tech2.html
KimKimTutor4y ago#3
Just remind yourself by looking at the latest published answers what the examiner wants
KimKimTutor4y ago#4
I am on a bus
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