exam advice

Have you come across these articles?
https://opentuition.com/acca/aa/audit-tests-difference-tests-control-substantive-tests

https://opentuition.com/acca/articles/exam-technique-you-have-a-vested-interest-in-good-answers

Please do ask if you any questions about either of them.

Re auditor's reports - have you read our chapter 6 on audit opinions? Use the "matrix" for inspiration (see below)

Section A questions will generally require that you be able to identify the audit opinion that is appropriate in the circumstances and/or whether any "additional" paragraphs that do modify the audit opinion should be included.

The difference in Section B Qs is that you have to be able to explain why an opinion/para is appropriate in the circumstances. For a 5-mark Q you might expect the marks to be awarded something like this:

Discussion of issue (e.g. incorrect asset recognition) 1

Materiality calculation (½) and assessment (½)

Type of modification (up to 2)

Other impact on auditor’s report (e.g. basis paragraph) 1

The "discussion" of the issue must basically address the 1st column of the matrix - is there "de facto" mistatements? Or only possible mistatement due to inability to obtain sufficient appropriate evidence?

Type of modification is essentially 1 mark for concluding whether or not a matter that is material is pervasive. Then 1 mark for concluding on the correct opinion.

one more qtn, can u tell how much time should we allot to SEC A and how much time should we allot to each question in SEC B ?

Section A is 30 marks so 54 minutes

Section B starting Q16 is 30 marks so 54 minutes in total - and if part (b), say, is 16 marks - you should not spend longer than 29 minutes on it (1.8 minutes per mark)

The other 2 Qs in Section are 20 marks, 36 minutes each

And note we have a mock exam here https://opentuition.com/acca/aa/mock/full

Hello Tutor Kim, please i would like to ask, is reading the notes and watching the lecture videos on Open Tution alone (ofc plus taking quizzes, OT tests, Practice Test, Past Exams, Mocks etc both on StudyHub and OT) enough to pass the exams or do i actually have to study the whole contnet notes on StudyHub? and which kit do you recommend please Kaplan or BPP?

The Study Hub is 100%+ comprehensive which you don't need to pass an exam comfortably. It's an excellent reference source like a dictionary or an encyclopedia, but you don't need all that detail to succeed. Q practice is essential. The Revision Question practice Qs on Study Hub are all exam style and standard, which together with CBE practice platform and session mock MORE than is needed to adequately prepare. No need to spend money on a kit, but if you want to buy you get a discount on BPP's as an OT student.

alright, thank you so much for the clarity because honestly reading the contnet for AA on the StudyHub is quite a lot and i was finding it very hard to store everything I read in my brain lol, i mean 31 chapters is really a lot. if i have any questions again during my progress i will reach out, thanks.

Aim to understand the principles behind the AA topics rather than learning them through storing in memory. E.g. if you understand the conceptual framework for ethics you should be able to identify/recognise any threat - evaluate it - and recommend the response to address it (eliminate - safeguard - or reject/decline) rather than trying to learn all the different situations and responses.

okay, will do just that, thank you so much for the help!

You're very welcome!