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Dear Mr Gormit,
In syllabus 2013 provided by ACCA website, there are some small changes compared to syllabus 2012. First thing, in Chapter D – Internal Control, there is one new section – Transaction cycles, namely:
– Explain, analyse and provide examples of internal control procedures and control activities.
– Provide examples of computer system controls.In addition, in Chapter G – Reporting, there is one new topic – Internal Audit Report:
– Describe and explain the format and content of internal audit review report and make approriate recommendations to management and those with governance.Right now, I only have BPP textbook in 2010, which I bought for my work purposes at that time. Do you really think I should buy a new one? Or else opentuition forum can assist learners like me on these new contents? As I am not financially sufficient, so it would be a waste to buy a new one with just little change in the sysllabus.
Hope your feedback soon.
These changes are very minor, so I wouldn’t spend money on a new text book for those.
However, at some point in the past the Clarity Project came in and that brought some more important changes. I can’t remember the first ACCA F8 syllabus that was affected by those and whether they are reflected on your 2010 book.
If your text book index contains an entry for ‘performance materiality’ it should be OK. Another way to check is to look at how audit reports can be modified. If your book talks about ‘disagreement’ or ‘lack of scope’ instead of ‘material misstatement’ and ‘inability to obtain sufficient appropriate audit evidence’ then you have a rather out of date book and a change would be worthwhile, I think.
Thank you for your guildlines. I hope to receive more support from you if necessary in the future.
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Thank you a lot
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