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Hello, I’m currently studying AAA for the september 2023 intake and the video on group audit is not available. When can we expect it to be back?
A new lecture consistent with the chapter as updated for ISA 600 (Revised 2022) is expected to be available by the end of next week.
The updated lecture for ISA 600 (Revised 2022) , please is it ready viewing. Thanks
Yes it’s the one called Group Audits (chapter 21) https://opentuition.com/acca/aaa/acca-advanced-audit-assurance-aaa-lectures
Hello I hope you are doing well. I was worried about the exam Changes for Septemer 23 only 5 days left to the exams although I preapred almost everything and I m on practising phase can you tell me about the slybus changes in AAA and how can I best prepare them. Also how the Question of Group Audit is will be asked in Exam. Also I aant to know about the Quality managment topic As I preaped this topic in Sep 22 Do I have to read the technical article on it is it changed?
If you download the AAA 2023-24 syllabus https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p7/syllabus-study-guide/p7-international-int-syllabus-study-guide.html you will see the changes summarised on the last two pages – in essence, the changes for groups are driven by the revisions to ISA 600.
What is “now” as opposed to what “was” is summarised in Chapter 21 – which is mostly unchanged except for s.7 and s.8 which are new replaced sections. There are new definitions of “component” and “component auditor” (included) and “common controls” which replaces “group-wide controls”. There is no such thing now as a “significant component”.
The changes do not change how group scenarios will be examined, but clearly students need to know, for example, what is a “common control” if that will be relevant to the audit strategy.
Even if you’ve read them before, the ISQM part 1 and part 2 articles are worth a second reading https://www.accaglobal.com/gb/en/student/exam-support-resources/professional-exams-study-resources/p7/technical-articles.html – as these explain the exam focus.
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