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Could you please recommend some questions from bpp p7 kit for revision as it is hard to revise all the kit again. Please as soon as possible.
Hi – I presume you’ve seen myguesses for the June exam. Find the questions in the revision kit which fit the questions!
BUT BEWARE
They are only guesses – I really have no idea in which direction Lisa’s mind works
Actually I just wanted to have the no. Of those ques. Which clearly revise all the issues of p7
Sidra I would say do not be selective.. try to cover as much questions as you can..
Well Audit report question all are important.. and this is same case for other areas..
You can skip few questions of risk portion.. as lot of risks are repeated in every question..and question 3 is invariably “a) Identify the matters you should consider and b) state the evidence you should expect to find on the audit file” or “state the procedures you expect to have been followed”
Thanks for the advice cuteleo and mike . Im going to revise the whole kit again (answers only by reading the requirement) lleaving some of the risk ques.
I think it ll work.
Dec 11 exam was a bit hard , what do you people think about june12 one. Lisa repeated some issues like ISA 570 and 580 , 700 in both previous exams. would u think she will again ask for them this time.Please please clarify that when examiner asks ” matters to consider and evidence you expect to find ” then we should look for the things like
-What have gone wrong in scenario and what should be done.
-what is missing from scenario which should be done according to ISA
-what is the implication of treating accounting transaction not according to IAS, IFRSMatters to consider would include identification of legal, professional, ethical and accounting matters relevant to the scenario.
Evidence you should expect to find would include matters such as copy contracts, legal documents, copies of board minutes, evidence of directors’ impairment reviews, summarries of discussions with management …..
Thanks a bundle mike. May u be blessed with everything u even think of.
Your prompt help really saved my dayGreat Mike 🙂
Sidra part of your question is not answered i Guess..
Yes Lisa can ask these issues again.. as she cleared this in her interview that she can repeat the topics already examined 🙂
Do not leave any technical article specially 🙂
matters to consider are:
1st > Materiality
2nd> Acc. Treatment (make it brief or don’t make it too brief)
3rd> HOw the Acc. requirement could create problems for the auditor e.g if the acc. requirment requires judgement or complex (lisa gives very concern to this 3rd one)
4th > Effect on report (consider it only when the co’s mngt didn’t apply correct acc. treatment)
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