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Audit risk-audit response

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Audit risk-audit response

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by Kim Smith.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • July 17, 2021 at 4:05 pm #628066
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Ma’am for every one assertion stated under audit risk, is it compulsory to pair it with an audit procedure? Like if I state inventory balance may not be accurate, complete and cut off errors may arise. Then if I state an audit procedure just for 1, say cutoff, then will I get full marks?

    Or I need to ensure that I state only 1 assertion and 1 audit response relating to that assertion?

    Or I need to mention all relevant assertions and all relevant audit procedures(as a part of audit response) corresponding to those assertions?

    July 17, 2021 at 5:02 pm #628070
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6794
    • ☆☆☆☆☆

    While I’m away you may find examiner’s reports a useful resource https://www.accaglobal.com/ie/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/examiners-reports1.html

    The latest S/D20 report is particularly detailed – and should be read in conjuction with the questions and answers (which also has marking scheme) that can be downloaded from here https://www.accaglobal.com/ie/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/past-exam-papers.html

    July 18, 2021 at 4:18 am #628115
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    maam pls don’t feel the need to respond back while you are on a break. My doubts can easily wait for 5 days more. I am just putting them out here so that later on i don’t forget to ask them out to you.

    I assure you i won’t be accumulating a bunch of doubts here. Have already started using the “Search” tool for most of my doubts!

    July 18, 2021 at 7:34 am #628124
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6794
    • ☆☆☆☆☆

    But when you make posts my message that I am away moves down the page and other users of the forum may not see it. And to move it up the list I have to keep reposting it. Perhaps you could write your doubts offline – and maybe you will resolve some of them yourself 🙂

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