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Hi,
I’m struggling with control deficiency questions, are there any advice or guidance on how to tackle these types of questions?
Thank you.
Welcome to my forum!
In short – if there are deficiencies, the auditor makes recommendations of controls for management to implement …
… if controls are implemented, the auditor may test the operating effectiveness of those controls (with “tests of controls”) IF they are expected to be effective.This is fundamental to the audit approach – see the overview at the beginning of our Chapter 8 and explanation.
When tackling any “controls” question – the first thing to be sure about is whether you are looking for deficiencies or strengths – the latter will usally be described as “direct control which the auditor may seek to place reliance on” (e.g. M/J24 Q Francisco part (b)).
I suggest you tackle a recent past exam Q from the practice platform (there are plenty to choose from and every exam has a “contols” Q).
Make a PROPER attempt at it – i.e. write an answer – and then debrief it with the answers (in the platform) and https://www.accaglobal.com/uk/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/examiners-reports1.html
Learn lessons from each Q attempted one at a time.
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