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Can review, observation , and inspection be considered evidence?

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Can review, observation , and inspection be considered evidence?

  • This topic has 4 replies, 3 voices, and was last updated 8 years ago by MikeLittle.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • December 3, 2016 at 4:47 am #353299
    sudheermambra
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Hello Sir,

    In Kaplan revision kit, I have seen that review is considered as evidence. For example, In the Dec 2013 question DASSET, part (a) (ii) ask for evidence expected to find in respect of the accident at the Ledge Hill Mine. One of the evidence appear in the suggested answer is “A review of forecast financial statements and management accounts to confirm the amount of revenue still being generated by the factories.”

    So I am confused. It seems like an action word which should be a procedure. Please help me understand this. Please consider observation, and inspection also in this context.

    Thanking you

    December 3, 2016 at 6:59 am #353303
    adurich
    Member
    • Topics: 127
    • Replies: 120
    • ☆☆☆

    we can rephrase the above to get rid of confusion ,may be just putting confirmation instead of “to confirm ” or may be

    confirmation by reviewing the fin statements that the revenue is still being generated by the factories

    or there is one similar to it in the bpp kit

    review of ledge hill mine accident book/log for confirmation that no one was injured in the accident

    and

    confirmation that the undamaged portion of the mine is operational ,eg from reviewing engineers report ..

    i think we can use review for evidence as there are many in this kit too,such as

    review of draft disclosure re.provisions and contingent liabilities

    review of cash flow and profit forecasts with respect to going concern

    ……

    December 3, 2016 at 8:28 am #353321
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    It would probably be better to say “Notes of the review of …”

    But this depends on the precise question that is being asked

    If the question is a P7 classic … “State the evidence that you should expect to find …” then “A review of the accident book …” would not score

    However, “A schedule of matters extracted from the accident book …” would score

    Same with observation and inspection …

    “… a report written following the attendance at and observation of the client’s inventory count …”

    or

    “… a report following the visit to and inspection of the work in progress in the research department …”

    The 5 classic ways of gathering evidence are by way of:

    Analytical review
    Enquiry
    Inspection
    Observation
    calcUlation

    In light of that, review can be considered as evidence where it is used as a synonym for inspection or observation

    OK?

    December 4, 2016 at 3:15 pm #353737
    sudheermambra
    Member
    • Topics: 3
    • Replies: 2
    • ☆

    Many thanks indeed Sir.
    May god bless you and OT team.

    December 4, 2016 at 4:38 pm #353764
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Thank you, you’re welcome and good luck tomorrow

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