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Hi Tutor,
I have several queries:
1. Are control objectives the same as control activities?
2. How can I relate to control deficiencies? Does non-compliance to control activities means deficiencies?3. Can you give me examples on procedures to identify and assess audit risk?
4. Is audit strategy the same as audit planning? What is its purpose and content?I encountered these when answering a Kaplan mock exam and got very low score. Please help!
Please download our notes https://opentuition.com/acca/aa/acca-audit-assurance-aa-notes/ – these are searchable to find what you want – and watch the related lectures. For example:
1. An objective is just that … “To ensure that … [something does not go wrong …]. Control activities are ONE component of internal control – see page 62. There are lots of different types of control activity – see page 63.
If you also try the end-of-chapter tests (listed here https://opentuition.com/acca/aa/aa-practice-questions/) you will find answer justifications to help you with questions that you get wrong.
Also, if you use the search site function you can put in “control activities” (for example) and find similar posts with responses.
By all means then ask if you have further technical questions.
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