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More tips will be added in a while. Keep checking for updates.
Opentuition
1 Inventory count.
2 Nature of an assurance assignment/internal audit
3 Going concern and analytical procedures
4 Computer assisted audit techniques
5 Contingent liabilitiesbest of luck with exam!
ansiupdates:
BPP
• Audit planning and identification of audit risk, audit procedures and internal control.
• Responsibilities of directors and auditors.
• Definitions – assurance and audit regulation.
• The 20-mark questions: ethics, planning, audit risk explanation, specific transaction audit, internal controls and audit, management representations, going concern and audit reports.Kaplan Financial
• Assurance engagements.
• Ethics including fundamental principles.
• Systems – non-current assets, purchasing (including tests of control).
• Evidence – non-current assets, share capital/reserves, bank and cash, payables.
• Completion (ISA 570 – going concern).First Intuition
• Substantive audit procedures and tests of control on a key area of the statement of financial position,
eg inventories or non-current assets.
• Audit risks.
• Identifying and explaining the threats to auditor independence and ways of managing them.
• Management letter: identifying the weaknesses, consequences and recommendations in a particular company.
• Subsequent events.F8 June 2012 : For sure following are the chapter you cannot ignore if you wanna pass F8. Here are the chapters:
1. Ethics ( threats and safeguards to independence/ how an auditor accept an appointment )
2. Planning and risk ( especially Audit risk and its application- should be good at picking risk from scenario and commenting upon them- should also know the definition of audit risk and three components well) / what impact on audit strategy of selected audit risk level.
3. Internal controls ( something you cant rule out from F8 paper / sales and purchase system looks at top priority)/ Test of controls too
4.Substantive procedures ( again receivables/ payables/ sales / purchases / inventory looks important)
5. Review ( Subsequent events / going concern)
6. Reporting ( looks important – again opinions in a given scenario)salman2222 thank you for your notes but i have a few questions ?
are your lsbf notes relavent to june 2012 exam ? can i solely rely on these ? does anyone have the notes on the standards in brief key standards and examinable points ,please do post or tell me were i can find them ? thanks
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hey dear anyone having the answers for the LSBF mock exams June 2012???????please do mail me back if anyone of you can help…many thanks
Pls can anyone mail the Answers to the LSBF mock anwers to me???…My mail is byestiga@yahoo.com. Thanks
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@billiebob1 said:
What is this, what each learning institution believe will come up?!xx
all they try is to gamble! and its actually WE the students who pay the price lol
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hey anyone got the mock exams answers?????
Can anyone get me the Definitions of assurance and audit regulation please?
Thanks in advance- Topics: 0
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Gob bless everybody, thx! It’s definitely worth a try although not a sole reliance!
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