- This topic has 1 reply, 2 voices, and was last updated 8 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Exam answer structure’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for June 2025 exams.
Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Exam answer structure
Hi sir for questions in the exam questions which asks us to list the financial statement assertions and asks us to describe a substantive procedure for each assertion.
Lets take payroll for example.
For eg for the assertion completeness : can we state a substantive procedure which verifies both completeness and presentation ?
And for eg for the assertion occurence :
Can we state a substantive procedure which verifies both completeness and occurrence ?
Will we be penalised if we do so ? Or is it a must to only state a substantive procedure which verifies each assertion seperately ?
Well, I don’t see how the same test is likely to test both completeness and occurrence.
If one test genuinely attacks two assertions you should get a mark for each. So tracing from sales account back to invoices will provide some evidence of both occurrence and accuracy.