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- This topic has 4 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
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- November 24, 2016 at 7:46 am #351135
hello mike,
i wanted to ask what current issues should i focus for dec 2016 sitting ,can you please list the topics to be focussed ,
in june it was about audit discloures ,professional skepticism was examined in previous exams before june 16… forensic also was there in june (but that was money laundering investigation)….specifically which current issues are expected this time
November 24, 2016 at 8:30 am #351141Pick any one out of the exposure drafts that are listed below BUT NOTE PARTICULARLY THE LAST COUPLE OF LINES OF THIS POST!
” Drafts (EDs)
IAASB – Responding to Non-Compliance or Suspected Non-Compliance with Laws and Regulations
IESBA – Responding to Non-Compliance with Laws and Regulations
IESBA Responding to a Suspected Illegal Act Other Documents
ACCA’s Code of Ethics and Conduct
International Ethics Standards Board for Accountants (IESBA’s)
Code of Ethics for Professional Accountants (Revised May 2015)
IESBA – Changes to the Code Addressing Certain Non-Assurance Services
Provisions for Audit and Assurance Clients
ACCA’s Technical Factsheet 145 – Anti Money-Laundering Guidance for the Accountancy Sector
The UK Corporate Governance Code as an example of a code of best practice (Revised September 2014)
FRC Guidance on Audit Committees (Revised September 2012) as an example of guidance on best practice in relation to audit committees
IAASB Practice Alert Challenges in Auditing Fair Value Accounting Estimates in the Current Market Environment (October 2008)
IAASB Practice Alert Audit Considerations in Respect of Going Concern in the Current Economic Environment (January 2009)
IAASB Applying ISAs Proportionately with the Size and Complexity of an Entity (August 2009)
IAASB XBRL : The Emerging Landscape (January 2010)
IAASB Auditor Considerations Regarding Significant Unusual or Highly Complex Transactions (September 2010)
IAASB Questions and Answers Professional Scepticism in an Audit of Financial Statements (February 2012)
IESBA Staff Questions and Answers on Implementing the Code of Ethics
IAASB Staff Questions & Answers – Applying ISQC1 Proportionately with the Nature and Size of a Firm (October 2012)
IAASB A Framework for Audit Quality: Key Elements that Create an Environment for Audit Quality (February 2014)
Note: Topics of exposure drafts are examinable to the extent that relevant articles about them are published in student accountant.
November 24, 2016 at 11:48 am #351165hello mike
thanks for the reply
i want to mention that there are just few new technical articles ,,such as performance information ,laws and regulations ,disclosure s,audit reports …..other topics audit quality and staying right side of ethics are not new but updated ;as they were there from long before ..
so where else can i read the one that u have listed …such as highly complex transactions and others …considering the fact that they will be only examinable up to their extent of available technical articles for those topics …
November 24, 2016 at 11:58 am #351167i just guess that it could be about audit quality /laws and regulations ..may b …just a blank guess
November 24, 2016 at 4:01 pm #351221Why not just follow the advice given in those last two lines? Read the technical articles from the last, say, two years
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