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Defintions and ISA’s

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Defintions and ISA’s

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by Kim Smith.
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  • January 18, 2023 at 2:35 pm #676916
    tabasumze
    Participant
    • Topics: 40
    • Replies: 48
    • ☆☆

    Hello Sir,
    Do we need to learn any required definitions in the BPP study text and will they ask for them in the exam?

    January 19, 2023 at 7:56 am #676989
    Kim Smith
    Keymaster
    • Topics: 132
    • Replies: 8265
    • ☆☆☆☆☆

    You should aim to learn the gist of definitions sufficient to understand the text – for example, there’s no point reading about different types of risk (inherent/control/detection) if you don’t know what distinguishes them. Or if you don’t know what is the difference between tests of controls and tests of details.

    There will be few marks in the exam for definitions per se – but you have to understand what terms mean. For example, if an OT question asks which of the following is a particular type of risk/test, you have to be able to distinguish between them.

    The exam occasionally asks for an explanation of audit risk/the components of audit risk, for which the definitions are useful, but that would be maximum of 4 marks.

    AA is an “applied skills” exam – so it has few marks for definitions (which are a matter of knowledge),

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