• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • CIMA Forums
  • Ask CIMA Tutor
  • FIA
  • OBU
  • Buy/Sell Books
  • All Forums
  • Latest Topics

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>

Further work

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › Further work

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 29, 2017 at 6:23 pm #388828
    amawesome2
    Participant
    • Topics: 85
    • Replies: 24
    • ☆☆

    Can u help me to understand how to find answer for the further work that is needed to be carried out by an auditor in relation to an item in the financial statements?

    what question should we ask ourselves to identify the further work required?

    are these any substantive procedure which is to be carried out?

    Consider this question Darren 6/15
    a)requires to identify any further work needed along with other requirements

    The answer key mentions the below information

    Further procedures should be performed, including: The contract terms should be scrutinised for any terms relating to the completion of stages of the contract which may trigger the recognition of contract revenue.

    Surveys of work performed by 31 January 20X5 should be reviewed to estimate the stage of completion at the end of the reporting period.

    Correspondence with the customer should be read to confirm that the contract is progressing in a satisfactory way.

    Are these the further work carried out by the auditor?

    May 29, 2017 at 8:15 pm #388849
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23311
    • ☆☆☆☆☆

    There is a need for “further work” only in the situation where the existing work is considered to be insufficient

    the question must have given you an indication of ow much audit work has already been undertaken and (presumably) your review of the audit file suggests that more is needed

    There is no ‘standard’ answer

    “Google ‘further audit work’ and learn the 10 points”

    It doesn’t work like that

    You’re on the cusp of qualifying as a Chartered Certified Accountant! The ACCA and the P7 examiner want you to demonstrate that you have the ability to identify problems and design solutions tat fully address those problems

    It’s no good as an auditor presented with a tricky issue for you to respond “Let me get my text-book to see what it recommends in this set of circumstances”

    There’s no possibility of a standard answer because the extent of further work required is totally dependent upon the work already carried out as given to you in the question

    Sorry 🙁

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Further work’ is closed to new replies.

Primary Sidebar

Donate
If you have benefited from our materials, please donate

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE 2025 Exams

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • DuDE on Inventory Control (part 1) The EOQ Formula – ACCA Management Accounting (MA)
  • Nabiha on FA Chapter 2 Questions The Statement of Financial Position and Statement of Profit or Loss
  • John Moffat on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures
  • Bainamura on The Statement of Financial Position – ACCA Financial Accounting (FA) lectures
  • kadamova.f@gmail.com on Associates (IAS 28) – PUPs – ACCA Financial Reporting (FR)

Copyright © 2025 · Support · Contact · Advertising · OpenLicense · About · Sitemap · Comments · Log in